Biden pledges new path to student loan relief after judicial setback

Lanae Erickson, who heads social policy at the centrist think tank Third Way, worries that the Biden administration is making a risky bet by using the 1965 law to achieve debt relief, and could undermine other debt forgiveness programs if the Supreme Court strikes down the effort. The law gives the Education Department the authority to cancel loans held by public servants, defrauded students and disabled borrowers, all of which could be targeted if the court rejects the scope of the authority, she said. While Biden has characterized the proposed...