The Supreme Court has now struck down President Biden's plan to forgive 40 million student borrowers up to $20,000 in student loan debt, citing a lack of "clear congressional authorization" for the program.

The Supreme Court rejected President Biden’s student loan forgiveness plan in a landmark decision on June 30. Read more: https://wapo.st/438i1j4. Subscribe to The Washington Post on YouTube: https://wapo.st/2QOdcqK Follow us: Twitter: https://twitter.com/washingtonpost Instagram:

Bradley Thomas, managing director at KeyBanc Capital Markets, and CNBC's Melissa Repko join 'The Exchange' to discuss how student loan repayment will negatively impact consumer discretionary spending, what companies are poised to benefit