
A three-year pause on federal student loan payments will soon end regardless of how the Supreme Court rules this week on a White House plan to forgive billions of dollars in student loan debt.
The conservative-leaning court seems poised to strike down President Joe Biden's plan, which would erase $10,000 in federal student loan debt for those with incomes below $125,000 a year or households that earn less than $250,000. He also wants to cancel an additional $10,000 for those who received federal Pell Grants to attend college.