The financial future of indebted, college attendees across America currently rests in the hands of nine elite and wealthy Supreme Court judges.
As we await the decision, let’s take a look at the battle over student loans, and what is likely to happen:
About The Judges:
The battle’s inception is due to The Supreme Court’s disapproval of Biden’s proposed loan forgiveness, which could forgive up to $20,000 per student.
Seeing as though each Supreme Court Justice is a college graduate and aware of costs, many would wonder why they would oppose this.
Perhaps, a little background of the justices would explain why.
The court is also comprised of some of the nation’s brightest legal minds from a small number of prestigious schools, yet another factor that underscores their distance from the borrowers who could benefit from the debt relief assistance. Most of its current members attended one of two Ivy League law schools: Harvard and Yale.
Roberts, along with Justices Ketanji Brown Jackson, Neil Gorsuch and Elena Kagan all attended Harvard Law School. Justices Sonia Sotomayor, Clarence Thomas, Samuel Alito and Brett Kavanaugh went to Yale Law School. The only current justice who is not part of the Ivy club is Amy Coney Barrett, who received her law degree from Notre Dame.
Some of the justices had financial assistance to help them attend school: Thomas received a scholarship from Holy Cross College to pay for his undergraduate degree there, while Sotomayor attended Princeton University and Yale Law School on scholarships.
As a disclaimer, an Ivy League education does not qualify someone as rich (my ex had a car with no AC.) nor does it mean that they are out-of-touch with the real world. It’s not about where these judges went to Univeristy, but their BELIEFS.
What Will Happen?
I think it’s fair to say that the average college student has little representation here. My undergrad degree was fully funded by loans and scholarships – without them I would not have been able to start, finish or pay for a Masters Degree. It’s important for us all to remember that the system always has been and may likely remain, unreliable.
As we await the court decision, I will continue to bring you up to date information on student loan repayments. Thank you, for allowing me to be your trusted source!