Student-Loan Forgiveness Plan Struck Down: What It Means for Borrowers | WSJ

2023-06-30に共有
The Supreme Court overturned President Biden’s student-debt forgiveness plan, claiming it exceeded the authority Congress delegated to the executive branch. The plan was set to wipe our nearly $430 billion in loans from the government’s books.

WSJ’s Andrew Restuccia explains what the decision means for borrowers.

0:00 The decision
0:26 The consequences for borrowers and Biden
1:43 What’s next?

#StudentDebt #SCOTUS #WSJ

コメント (21)
  • @deontaer
    Instead of forgiving loans, how about addressing the real issue, which is the absurdly ridiculous cost of tuition.
  • Debt forgiveness is a band-aid. Not a a true solution. The problem is the inflated costs of education in the US. In the 1970s the cost of a 4-year degree at a public school was under $2,500 a year in (2020 money) while today it is over $9,300 a year in (2020 money). 3.75X inflation in prices for the same product.
  • @kommisar.
    Funny how they still haven't addressed the fact that college costs so much due to the federal student loan program in the first place.
  • Student debt isn't about irresponsible young people taking out more loans than they'll be able to pay back. It's about a corruption cycle between loan companies, lobbyists, and our lawmakers, designed to make them rich and powerful - AT YOUR EXPENSE.
  • @AnnInFL
    Student loans are what drove up the cost of college in the first place.
  • Huh…so are we all agreeing that those industry bailouts need to be repaid as well? Ya know…since they shouldn’t be allowed to burden the public with their poor financial decision making?
  • @JOHNTOPG
    Giving money to colleges that get more federal funding and endowments than any debt they have ever incurred is insane
  • Ban student loans. If you can’t trust an 18-year-old with a $30K loan for a car, then you shouldn’t trust them with a loan at all, no mater what’s it’s for.
  • Anyone else remember the 700 Billion dollar bailout to the banks?
  • Going to college is too expensive in the US, our education system is broken. It shouldn't cost an arm and a leg to become educated so that we can join the work force.
  • @ufapoofa
    the only reason im upset about this, is because they will bail out rich people, but cant give regular people a break. at least it teaches a valuable lesson: be rich, dont be poor.
  • Schools and colleges are getting tremendous amounts of federal aid. Why did they have to charge students an arm and leg to go to college? It’s not like they actually learn anything usable.
  • If your college degree doesn't produce enough value for you to pay it off, it certainly doesn't have enough value for your neighbor to pay it off.
  • I Should have gotten a PPP loan like so many grifters did. Then used it to pay off my loans, and then the PPP would be forgiven.
  • @scott5974
    This is still the same old story : Government spends money on other countries and when it comes to helping our own people and country , they spinn a story on why they can't help weather through policy , court ruling . The rich want to keep so many people struggling and so many prosperous . Other countries get plenty and we get the shaft .
  • This was the whole reason why I dropped out of college. I did not want the student loan to be behind my name.
  • no student loan forgivness. Instead, make policies that make it to where student loans aren't as predatory and limit interest rates. They're going to get college to get a better job to help society, it shouldn't be virtually impossible to pay them back, it should be the same as a car or house loan
  • This country needs to consider a path to the trades, plummers, carpenters, electricians besides 4 year colleges.