Following a major loss at the Supreme Court, Biden has announced a new plan to forgive student loans. Once again, he will not ask Congress to pass a new law. Instead, he's claiming that the Higher Education Act of 1965 provides statutory authority for mass forgiveness that the HEROES Act did not.
Earlier this month, the Supreme Court ruled against Biden's plan to forgive up to $20,000 in federal student loan debt per borrower. The Biden administration had attempted to justify the plan using the HEROES Act, a 9/11-era law that allowed the Department of Education to change student loan repayment plans for soldiers who left college to enter active duty military service or respond to a national emergency.
