December 1st 2022, the federal Supreme Court rejected President Biden’s immediate request to revive his student debt relief plan. The court will review oral arguments in February 2023 and then determine whether the leading lawsuit against the program has merit.
As the case reaches the highest U.S. court of law, national student loan expert Mark Kantrowitz predicts that the court will rule in favor of the lawsuit and effectively block student loan forgiveness due to a number of legal implications.
While forgiveness isn’t completely off the table, it’s possible that the Supreme Court could rule in favor of the lawsuit. Here are a few things that could lead the court to make this decision and how borrowers should respond.
