STATE OF INEQUALITYCalifornia Holds Its Breath as Supreme Court Weighs Student Loan Forgiveness

STATE OF INEQUALITYCalifornia Holds Its Breath as Supreme Court Weighs Student Loan Forgiveness

The U.S. Supreme Court conservative bloc’s skepticism toward President Biden’s use of executive authority to eliminate more than $400 billion in student loan debt is no mere thought exercise in California. The economic future of millions of its residents may depend on it.

Among the estimated 40 million Americans who would benefit from the Biden administration’s plan, California is home to far and away the largest number of beneficiaries of any single state – some 3.5 million, according to the White House’s figures