July 4th, 2023 by WCBC Radio

The Supreme Court ruled that President Biden stepped outside his authority to forgive student loan debt.  That means that about $400 billion dollars is still out there to collect.  Right now, student loan payments are scheduled to resume in October with interest starting again on September 1st.  Biden announced a 12-month grace period immediately after the high court decision, but said borrowers should start paying back what they can.  It’s expected the Biden Administration is going to come up with a new program on student debt issues.