Joe Biden
President Joe Biden.
  • Student-loan borrowers have a few days left to submit comments on Biden's new debt relief plan.
  • The first public hearing on the plan will be held on Tuesday.
  • Biden is beginning a new process for relief after the Supreme Court struck down his first plan.

Student-loan borrowers didn't get a say in President Joe Biden's first plan to cancel their debt. But they do now.

On June 30, the Supreme Court struck down Biden's plan to cancel up to $20,000 in student debt for federal borrowers. By a 6-3 ruling, the high court decided that the law the president used to enact the broad debt relief ā€” the HEROES Act of 2003 ā€” was an overreach of authority and cannot be used to wipe out loans for millions of Americans.