Biden’s Student Loan Forgiveness Will Be Ruled By The Supreme Court This Week

The Supreme Court could rule on Biden’s student loan forgiveness this week and new rulings from the court might indicate which way the court is leaning.

Biden’s Student Loan Forgiveness Will Be Ruled By The Supreme Court This Week (PHOTO: CNBC)

Biden’s Student Loan Forgiveness – Here’s What You Need To Know

the Supreme Court, with a 6-3 conservative majority, heard two cases challenging President Joe Biden’s student loan forgiveness program earlier this year that would forgive up to $10,000 in federal student loans or $20,000 for Pell Grant recipients.

Forbes reported that twenty-six million people applied for the program before it was suspended. The lawsuits claimed the parties would be harmed and that the program overstepped authority. The Biden administration says the cases should be released because they don’t have the standing, to start with.

The Sacramento Bee reported that last week, the Supreme Court with opinions composed separately by Justices Amy Coney Barrett and Brett Kavanaugh saw two cases that didn’t have legal standing. Still, justices have been examining potential executive overreach. So it’s unclear how the court will rule.

READ ALSO: CalFresh Benefits In California Will Expire? – Here’s What You Need To Know!

Here’s What’s Next For Biden’s Student Loan Forgiveness Program

The Supreme Court might decide as soon as Tuesday, June 27 and the court could extend its term, which wraps up in June.

Even if it’s upheld, it still remains unknown when it would officially jump back up and when people could glimpse their loans forgiven.

According to the federal education department, Biden’s student loan forgiveness payments will be due beginning in October and interest starts accruing also on September 1.

READ ALSO: Student Loan Payments Are Expected To Resume But Experts Warn That This Could Lead To Americans Off A ‘Student Loan Cliff’