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Millions of Americans are trying to figure out what’s next with their student loan debt, and that includes tens of thousands of Minnesotans. 

At the end of June, the U.S. Supreme Court struck down President Joe Biden’s broad loan forgiveness plan that would have erased up to $10,000 in student loan debt for most borrowers and even more for students from low-income families. By one analysis, the plan would have entirely eliminated student loan debt for 

Meanwhile, the long pause on loan payments dating to the start of the COVID-19 pandemic is finally expiring. It had renewed several times and allowed most borrowers to pause repaying their college debt without a penalty.

two third of graduates with a four-year degree took out loans and owed an average of $25,000

. Graduates of for profit private colleges were more likely to take out loans — almost 90 percent — and owed an average of $30,000.

denies relief to 730,000 Minnesota borrowers

MPR News host Angela Davis talks with a financial counselor who advises borrowers with college debt about their options and with a public policy researcher who focuses on the impact of debt on Black borrowers.

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MPR News host Angela Davis talks about the Supreme Court ruling that struck down President Joe Biden’s broad loan forgiveness plan and how a wave of changes to student debt repayment plans affect tens of thousands of Minnesotans looking for debt relief.

What’s next for borrowers burdened by student loans?

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