Student debt relief in hands of the Supreme Court now

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The Supreme Court heard oral arguments last week in two cases challenging President Joe Biden’s student loan forgiveness program can be implemented by his administration offering up to $20,00 in debt relief to nearly 40 million Americans.  The justices aren’t expected to issue a decision until late June or early July. 

The $400 billion program, which was consciously tailored to address the reality that Black Americans shoulder a disproportionate share of the nation’s student debt, faced a frosty reception from several justices, who questioned whether Biden has the authority to enact such sweeping changes without Congress.

When the ruling comes it will also determine when federal student loan payments, which have been paused due to the pandemic since March 2020, will restart.