Yesterday's two ruling seems to be confusing a lot of folks. Here is an explainer in a nutshell:

The reauthorized 2005 Patriot Act gave the POTUS to unilaterally cancel debt in times of crisis. We are still in a global COVID 19 pandemic. This is why SCOTUS Amy gave the go-ahead for DIRECT student loans.

The six state AG suit is about FFELP student loans. Many states like Missouri are in the student loan business because of the money they make from the interest of the loan. The issue regarding FFELPs is that many borrowers have applied to convert the FFELP to Direct so that the loan can be discharged. States are crying they'll lose money from the interest. THAT is what the 8th circuit hold is about.

Contrarian, extraordinaire