The decision comes as many prospective students and their parents are debating whether college is worth the cost.
Chief Justice John Roberts said the Biden administration program was “seizing the power of the legislature.”
The ruling could mean fewer Black and Hispanic students at the country's top universities.
Proponents of student loan forgiveness say President Biden has other options if his original plan is struck down.
For now, some are putting life decisions on hold as they await a Supreme Court ruling.
With the pandemic-era pause set to end, many Americans will struggle to cover their expenses.
Only 34% of surveyed adults were able to correctly identify 529 plans.
Will the Department of Education's December debut of the simplified FAFSA form meet expectations or receive an F?
Monthly bills will resume 60 days after June 30 if the legislation is enacted by Congress.
This retirement income planning strategy relies on simplicity and two numbers.
A pause that covered 45 million borrowers and $1.6 trillion in loans will soon end.
Elite private schools and Ivy League institutions are in a “substantially” stronger position, a new report says.
Graduates at Ivy League schools and elsewhere are struggling to find employment.
Connecticut and Washington, DC, both approved baby bond programs in 2021, and several other states have considered the idea.
The Supreme Court is likely to announce a decision on President Joe Biden's forgiveness plan in the coming weeks.
With monthly bills slated to resume in coming months, borrowers with children are facing a squeeze.
The proportion of banks tightening terms on loans for medium and large businesses rose to 46%.
Edelman said there are two demographic forces straining the wealth management industry: fewer advisors and more clients.
New data on costs for students who receive federal aid show that some elite private schools offer great deals.
The inflation-linked securities offers a tax-advantaged way to prepare for a child's future.