The Human Cost
‘Their financial situation will be even worse because once you default, the hardship on you is exponentially greater,’ said Justice Sonia Sotomayor, part of the court’s liberal wing
Supreme Court justices heard arguments Tuesday on lawsuits challenging the Biden administration’s loan-forgiveness plan.
MarketWatch photo illustration/Getty Images, iStockphoto
As the Supreme Court debates President Joe Biden’s student-loan forgiveness plan, Americans’ consumer debt continues to rise — and more of it is past due.
So what happens if the court voids Biden’s controversial plan?
For Shanna Hayes, 34, who was recently laid off from a tech-sector job, it might mean incurring more debts along her roughly…
