One social media user commented: « I already know what the student loan decision will be and I’m just not gonna pay? »
There are calls on social media for graduates to refuse repayment on their student loans after the Supreme Court struck down President Biden’s debt relief scheme on Friday.
One commentator claimed graduates were « scammed » and urged them to « collectively refuse to pay the student loans, » whilst another said « millions » of graduates should refuse to pay their debts.
The Supreme Court sided with a number of Republican-controlled states, which argued Biden had exceeded his authority with his student loan forgiveness scheme, in a 6-3 decision. Biden hit out at the ruling as « wrong, » and said: « The fight is not over. »
Had Biden’s plan gone ahead, most graduate borrowers would have seen their debt cut by up to $10,000, though some students from low-income households would have seen a reduction of $20,000.
Graduates will be required to resume making student debt repayments in October following a hiatus of more than three years, introduced in response to the coronavirus pandemic, with interest accumulating again from September 1.
