Supreme Court and Student Loan Forgiveness: What You Need to Know

The U.S. Supreme Court just heard arguments on President Biden’s student loan forgiveness.

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More than 40 million borrowers who have student loans were excited to learn of President Biden’s student loan forgiveness plan.

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The administration would forgive up to $10,000 of student loan debt for eligible borrowers, and up to $20,000 in student loan debt for eligible Pell Grant recipients.

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Those borrowers applied for student loan forgiveness and were essentially approved, applications for the program were put on hold.

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The hold is due to legal challenges from organizations claiming that student loan forgiveness violates the law.

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The U.S. Supreme Court has heard arguments on student loan forgiveness and is expected to officially weigh in by June.

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The weigh is in by June, when student loan payments are scheduled to resume.

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If you have a student loan, you’re probably wondering what all of this means for you.

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The Biden administration unveiled its student loan forgiveness plan during the pandemic.

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The plan was designed to provide debt relief to millions of borrowers by forgiving up to $10,000 of student loan debt.

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