Policy Backgrounders
Our Privacy Policy has been updated! The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. Detailed information on the use of cookies on this site is provided in our cookie policy. For more information on how The Conference Board collects and uses personal data, please visit our privacy policy. By continuing to use this Site or by clicking "OK", you acknowledge our privacy policy and consent to the use of cookies. 

Navigating the Economic Storm

Policy Backgrounders

CED’s Policy Backgrounders provide timely insights on prominent business and economic policy issues facing the nation.

Biden to Pursue Alt Student Loan Forgiveness Following Supreme Court Decision

July 06, 2023

The US Supreme Court overruled the Biden Administration’s plan to cancel roughly $430 billion in student loans, again invoking the “major questions” doctrine to invalidate an executive agency action as not explicitly authorized by Congress.

  • The program would have eliminated $10,000 in debt for most borrowers, while cancelling up to $20,000 for those receiving Pell Grants.
  • The White House has vowed to pursue alternative paths to provide relief, beginning with a new 12-month “on ramp” that will prevent reporting of delinquencies to credit bureaus and interest capitalization through September 2024.
  • Meanwhile, state-level student loan forgiveness programs have expanded in recent years as a method to lure new college-educated residents.

Download Article

Authors

Dr. Lori Esposito Murray

Dr. Lori Esposito Murray

Senior Fellow for National Security & Managing Director of CEO Programs

Read Bio

Mitchell Barnes

Mitchell Barnes

Economist

Read Bio

search Icon
Newest First
search Icon
search Icon
filterMobImage

Publications

Webcasts, Podcasts and Videos

Window on China: Outlook for 2024

January 25, 2024 09:00 AM CET (Brussels), 04:00 PM SGT (Singapore)

China's evolving data security regulatory framework

September 14, 2023 03:00 AM ET (New York), 09:00 AM CET (Brussels), 03:00 PM SGT (Singapore)

Press Releases / In the News

BRIEF

Inflation Heads in Wrong Direction for Fed

April 26, 2024

BRIEF

US Economic Growth Cooled in Q1 2024

April 25, 2024

PRESS RELEASE

US Leading Economic Index® (LEI) Fell in March

April 18, 2024

BRIEF

March retail sales rose, but real Q1 spending was lackluster

April 15, 2024

BRIEF

CPI remained stubbornly elevated in March

April 10, 2024

BRIEF

Employment Report Poses Some Risk to Fed Cut Timing

April 05, 2024

✕
hubCircleImage