The ruling means 40 million Americans who stood to have thousands of dollars in debt wiped away will now have to pay up.
, ruling the president overstepped his authority in trying to cancel or reduce student loans.
Friday was orientation day for students at the University of Illinois Chicago. It was the same day students were slapped with news that they will need to find new ways to start paying back student loans. Meanwhile, Nia Jordan was not expecting she would have to pay back the $15,000 loan she took out to go to UIC so soon.
Payments have been on hold since the start of the COVID-19 pandemic more than the years ago. The Biden administration Student Loan Forgiveness program would have canceled $10,000 in student debt for those making less than $125,000, or households with less than $250,000 in income."I didn't give borrowers false hope," President Biden said,"but the Republicans snatched away the hope they were given. And it's real - real hope.
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