WASHINGTON, June 30, 2023 – The American Bar Association recognizes the burden that heavy student loan debts place on many borrowers. Today, in Biden v. Nebraska, the U.S. Supreme Court overturned efforts by President Joe Biden to relieve some of those burdens.
Recent ABA surveys have found that student debt forces many borrowers to delay or forgo major life decisions, including marriage, having children and buying homes. The ABA supports programs that help borrowers who are experiencing financial hardship due to student loan obligations, including suspending or forgiving some of those loans.
The ABA is the largest voluntary association of lawyers in the world. As the national voice of the legal profession, the ABA works to improve the administration of justice, promotes programs that assist lawyers and judges in their work, accredits law schools, provides continuing legal education, and works to build public understanding around the world of the importance of the rule of law.