Supreme Court strikes down Biden's student debt plan. Payments resume Oct. 1

03:38

July 03, 2023

People in favor of canceling student debt protest outside the Supreme Court, Friday, June 30. (Mariam Zuhaib/AP)

The Supreme Court decided last week to strike down the Biden administration's plan to cancel $430 billion of federal student loans. Payments are scheduled to resume on Oct. 1.

Here & Now's Peter O'Dowd talks to Jill Schlesinger, host of "Jill on Money" and a CBS News business analyst, about what this means for student loan borrowers.

This segment aired on July 3, 2023.

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