Is student debt relief reality?

 


In June 2023, the U.S. Supreme Court ruled President Biden did not have the constitutional authority to mass transfer up to $400 billion in student loan debt from borrowers to American taxpayers. Rather than properly acknowledge the ruling of the court, earlier this year, the president unveiled a new student loan forgiveness plan, again handing the bill to hardworking Americans. Biden’s new plan already faces similar legal challenges on which the Supreme Court will likely again weigh in.

Many Nebraskans I’ve spoken with are deeply skeptical of these schemes, and rightfully so. Plainly put, fed...



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