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Joe Biden’s New Debt Forgiveness Plan, Explained

The Higher Education Act of 1965 is more permissive than the HEROES Act but still has limits.
Supreme Courts Rules On Major LGBTQ Case And Strikes Down Biden’s Student Loan Forgiveness Plan
Wisdom Cole with the NAACP leads student debt relief activists in a chant in front of the White House after the U.S. Supreme Court struck down President Joe Biden's student debt relief program on June 30, 2023. (Photo by Anna Moneymaker/Getty Images)

The Biden administration isn’t giving up on finding a way to forgive potentially hundreds of billions of dollars in student loans to tens of millions of Americans. 

The Supreme Court’s recent ruling in Biden v. Nebraska means the president has no authority under the Higher Education Relief Opportunities for Students Act of 2003 (HEROES) Act to forgive more than $400 billion of student loan debt.

Audrey Baker is an intern for The Dispatch.

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