Another Student Loan Forgiveness Challenge Heads To Supreme Court — Key Updates

Yet another legal dispute over student loan forgiveness may be headed to the Supreme Court, leaving thousands of borrowers unsure of what’s to come.

The Supreme Court is already considering two legal challenges over President Joe Biden’s signature one-time debt relief plan. That massive initiative would allow up to 40 million borrowers to receive $10,000 or more in federal student loan forgiveness. The Court held a historic hearing in February where the justices hammered attorneys on both sides of the dispute, and it’s expected to issue a ruling in June. In the meantime, no borrowers have received loan forgiveness under the initiative.