The Hinders: Student Loan Crisis

Contributor II

The Supreme Court could decline the possibility of $26 million student loan forgiveness applications. Students are now skeptical of Biden's student debt relief plan. If the supreme court confirms the decision to deny the request, many students will be paying off student loans with high interest if not paid right away after graduation into adult life.  For students, the loan debts are thousand of dollars that take years or even decades to pay off. This could negatively impact low to middle-income families who don't have secure education funds to pay for school tuition fees.  This can hinder graduates from buying their first home, starting a family, or being eligible for car financing.  While the high-income earners benefit from taxes, write off, and benefits as the student drown in debt way over their affordability limit.