After months of anxious waiting for the courts to decide whether President Biden could forgive billions of dollars in student loan debt, borrowers finally have their answer: No.
The Supreme Court's decision in Biden vs. Nebraska won't make the lives of more than 3.8 million borrowers in California any easier. But with debt payments set to resume in two months, you at least have options now that could make the monthly toll more affordable.
The justices' 6-3 ruling, which focused on the specifics of the debt relief program and the law used to justify it, doesn't preclude the administration from trying a different way to provide forgiveness. And borrower advocates and activists will certainly urge the Education Department to do so.
