As anxious borrowers react to the Supreme Court’s ruling to stop student loan forgiveness, employees are once again faced with the financial burden of college debt. But with widespread financial stress already taking its toll on the workforce, will employees be able to manage yet another expense?
The Supreme Court has ruled the Biden administration cannot forgive more than $400 billion in student loan debt, a plan that was introduced last August and would have forgiven up to $20,000 in loan payments for those making less than $125,000 per year. Since Biden announced the plan, six states and a conservative advocacy group have sued, with both cases eventually reaching the Supreme Court.
