On June 30, 2023, the U.S. Supreme Court ruled in Biden v. Nebraska that the Biden-Harris administrations plan to cancel up to $10,000 in student loan debt per borrowerand up to $20,000 for Pell Grant recipientswas not legal under the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act of 2003. That same day, President Joe Biden announced his administration would keep fighting for borrowers by pursuing broad-based debt relief under a different legal authority, the Higher Education Act (HEA) of 1965.
The HEA requires a more lengthy process to make changes to regulations related to federal student aid, called negotiated rulemaking (or NegReg for short). This process will bring together stakeholders from various affect…
Read the full article at: https://www.americanprogress.org/article/the-future-of-student-debt-relief-what-to-expect-next/