On Friday morning, the Supreme Court ruled 6-3 to overturn the Biden administration’s student loan debt forgiveness program, with the majority explaining that the HEROES Act did not give President Biden the authority to cancel student debt for millions of Americans. The decision will have serious economic impacts for borrowers who will soon have to resume their payments in October with accumulated interest. Alan Collinge borrowed $30,000 to get his PhD in aerospace engineering and later found himself owing upwards of $100,000. Now author and founder of StudentLoanJustice.org, Allan joins the podcast to discuss his reaction to the decision, why he doubted the Biden administration was serious about this forgiveness program, and possible solutions to help borrowers with high, outstanding debt.
