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The Supreme Court may rule soon on student debt relief. Here's what to know. – CBS News

Supreme Court set to issue rulings that could impact student loan debt and college admissions

Supreme Court set to issue rulings that could impact student loan debt and college admissions 02:15

The finances of about 40 million Americans with college loans are hanging in the balance as borrowers await the Supreme Court’s ruling on the legality of President Biden’s plan to forgive up to $20,000 in student debt.

Borrowers could face a double whammy this summer if a majority of Justices rule  against the debt relief plan, as the court’s decision is likely to land just before the pause on debt repayment lifts in September. The court is scheduled to release its next decisions on Thursday m…

Read the full article at: https://www.cbsnews.com/news/supreme-court-student-loan-forgiveness-decision-what-to-know/

Category: Debt HelpBy Insolvency Advisory AccountantsJune 27, 2023

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The Supreme Court may rule soon on student debt relief. Here's what to know. – CBS News

The finances of about 40 million Americans with college loans are hanging in the balance as borrowers await the Supreme Court’s ruling on the legality of President Biden’s plan to forgive up to $20,000 in student debt.

Borrowers could face a double whammy this summer if the Supreme Court rules against the debt-forgiveness plan, as the court’s decision is likely to land just before the pause on debt repayment lifts in September. The court is scheduled to release its next decisions on Thursday morning. In the worst case scenario, borrowers will face restarting their loan payments in September without any debt relief, experts note.

The Biden plan, announced last August, could wipe out the student-loan debt of 20 million Americans, while …

Read the full article at: https://www.cbsnews.com/news/supreme-court-student-loan-debt-relief-what-to-know/

Category: Debt HelpBy Insolvency Advisory AccountantsJune 20, 2023

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