June 30, 2023<\/p>\n
Media contact: National Consumers League \u2013 Katie Brown, katie@nclnet.org, 202-823-8442<\/p>\n
Washington, D.C. \u2013 Today, the Supreme Court of the United States decided to deny relief to more than 40 million student borrowers. Despite the Supreme Court\u2019s misguided ruling, the administration has a number of options still available to deliver relief to borrowers. The National Consumers League (NCL) urges President Biden and Education Secretary Cardona to implement debt cancellation without delay.<\/span>\u00a0<\/span><\/p>\n \u201cA majority of justices have chosen to ignore the facts of the case, from the plaintiffs\u2019\u00a0lack of standing to the administration\u2019s plain\u00a0legal authority to act, in favor of\u00a0worsening the student debt crisis,\u201d said NCL Public Policy Manager Eden Iscil. \u201cFortunately, today\u2019s decision only applies to one statute, the HEROES Act. The administration has a responsibility to protect borrowers by utilizing its remaining options under the Higher Education Act.\u201d<\/span>\u00a0<\/span><\/p>\n Data on student loan payments estimate that the average borrower will owe between <\/span>$400<\/span><\/a> and <\/span>$500<\/span><\/a> per month.\u00a0With repayment set to begin in September, millions of student loan borrowers will default on their debts and face significant financial hardship without debt relief. Indeed, President Biden cited this as a primary reason for his cancellation program. These facts have not changed\u2014<\/span>9 million borrowers<\/span><\/a> will likely be unable to make payments on their student debts should the Department of Education fail to act.<\/span>\u00a0<\/span><\/p>\n ###<\/p>\n About the National Consumers League (NCL)<\/strong> Today, the Supreme Court of the United States decided to deny relief to more than 40 million student borrowers. Despite the Supreme Court\u2019s misguided ruling, the administration has a number of options still available to deliver relief to borrowers. The National Consumers League (NCL) urges President Biden and Education Secretary Cardona to implement debt cancellation\u00a0without delay.\u00a0<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"0","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false},"categories":[14,315],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/nclnet.org\/wp-json\/wp\/v2\/posts\/25224"}],"collection":[{"href":"https:\/\/nclnet.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nclnet.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nclnet.org\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/nclnet.org\/wp-json\/wp\/v2\/comments?post=25224"}],"version-history":[{"count":5,"href":"https:\/\/nclnet.org\/wp-json\/wp\/v2\/posts\/25224\/revisions"}],"predecessor-version":[{"id":25727,"href":"https:\/\/nclnet.org\/wp-json\/wp\/v2\/posts\/25224\/revisions\/25727"}],"wp:attachment":[{"href":"https:\/\/nclnet.org\/wp-json\/wp\/v2\/media?parent=25224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nclnet.org\/wp-json\/wp\/v2\/categories?post=25224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nclnet.org\/wp-json\/wp\/v2\/tags?post=25224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nThe National Consumers League, founded in 1899, is America\u2019s pioneer consumer organization.\u00a0 Our mission is to protect and promote social and economic justice for consumers and workers in the United States and abroad.\u00a0 For more information, visit nclnet.org<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"