TIME Magazineのインスタグラム(time) - 7月1日 00時17分

The Supreme Court voted to strike down President Joe Biden’s student loan forgiveness plan on Friday, putting an end to a plan that could have wiped over $400 billion in student loan debt for some 42 million Americans.

In a 6 to 3 vote, the opinion of the conservative justices prevailed, declaring Biden’s plan to forgive up to $20,000 in debt for some borrowers unconstitutional. The Court’s liberal Justices—Sonia Sotomayor, Elena Kagan and Ketanji Brown Jackson— dissented, but that was not enough to overturn the decision.

Now, borrowers can expect their student loan interest to resume on Sept. 1. Payments will start to be due in October, as the debt ceiling deal signed on June 3 prevents the Biden Administration from extending the student loan debt moratorium without Congressional approval.

Link in bio for what this means for you.

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