US Supreme Court strikes down Biden’s student loan forgiveness program | Forexlive

The US Supreme Court struck down a $430 billion program to forgive student loans held by 40 million Americans in a 6-3 decision that was generally expected.

The majority decision said that the executive has some power to alter terms of student-loan programs, the total forgiveness was an overreach.

I wrote about the possible headwinds for consumers, with payments now set to resume in August.