The Supreme Court killed President Joe Biden’s student loan forgiveness plan, halting relief to the more than 40 million Americans who could have seen some of their debt erased. In a 6-3 ruling, the Court’s conservative majority rejected the legality of Biden’s plan.
The Supreme Court’s conservative majority has appeared to doubt the legality of Biden’s plan. If the plan is struck down, progressive activists and legal scholars see another pathway to loan forgiveness.
The federal government paused repayment on most student loans during the pandemic. This pause is now scheduled to end 60 days after June 30, 2023. This means borrowers should expect payments to resume in early September, though the exact date remains unclear. The US Department of Education will inform borrowers at least 21 days before payments restart. This notice will also include the payment amount and due date.
Follow here for all of Vox’s coverage and analysis about the Supreme Court ruling on Biden’s student loan forgiveness plan.