Advocacy groups warn in a report released Monday, that the Supreme Court striking down President Biden’s student debt relief plan would have devastating impacts on millions.
that “our debt relief plan is needed to prevent defaults and delinquencies as student borrowers transition back to repayment after the end of the payment pause.”
“There was a national emergency that impacted millions of student borrowers,” said the official. “Many of those borrowers still face risk of default on their student loans due to that emergency. Congress gave the Secretary of Education the authority under the HEROES Act to take steps to prevent that harm, and he is.”
Those who responded to Warren’s inquiry echoed the Biden administration’s warnings about the harmful economic consequences of a ruling against student debt relief, which would likely come in late June or early July.: “I’m putting all of my hope into this process finally getting approval. I haven’t allowed myself to imagine another scenario because I may not continue even trying to exist everyday if that happens. This debt follows me daily.
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