In February, the Supreme Court is slated to make a decision on President Biden’sstudent debt relief plan.
With the administration facing an intense uphill legal battle, millions of borrowers are left wondering what’s next.
It’s unclear whether the Supreme Court will hear the cases separately or consolidate them.
The other suit was filed in Texas by two student loan borrowers.
In both cases,lower courts blocked the plan.
Biden’s plan must now survive a ruling by mostly conservative justices on the court so that proceed.
We also got answers to what student loan borrowers should do while we await a decision.
Will the Supreme Court strike down student debt relief?
“I think that the administration may have some problems.”
He also noted that It was used tostrike down the CDC’s nationwide temporary eviction moratorium.
The Missouri court where those six GOP-led states brought suit determined there was no standing and dismissed the case.
What’s the impact of striking down student loan forgiveness?
Even partial student loan forgiveness would help ease the pain of debt and higher prices.
“I certainly wouldn’t be surprised by an increase in the number of defaults,” Fleischman said.
Does the White House have other options if the Supreme Court strikes down the plan?
you might find more programs on theFederal Student Aid website.
When will student loan payments resume?
If the Supreme Court rules on the case in February, payments could resume by the end of April.
If Biden intervenes, however, payments may remain on pause even longer.
What should student loan borrowers do in the meantime?
It’s also wise to assume that payments will resume earlier rather than later, Fleischman said.
