. Based on how oral arguments went in February, a majority of the court could be looking to strike down the program. But if that happens, borrowers will still have other potential paths to loan forgiveness.Supreme Court Decision On Biden’s Student Loan Forgiveness Plan Expected Any Daywould provide billions of dollars in debt relief.
While billions of dollars in student loan forgiveness is at stake, the Supreme Court is only considering the legality of Biden’s one-time debt relief plan. Other student loan forgiveness and relief initiatives by the Biden administration are not facing Supreme Court legal challenges. Congressional Republicans had tried to limit the administration’s other student debt relief plans through legislation, but Bidenof the recent debt ceiling bill, allowing these programs to continue moving forward.
The Education Department is still in the process of finalizing the regulations governing the REPAYE overhaul. The benefits should start to be available to borrowers sometime in 2024.The Public Service Loan Forgiveness program — commonly referred to as PSLF — remains one of the most popular federal student loan forgiveness programs.