As the Supreme Court hears arguments on student loan forgiveness, three experts explain what’s at stake

Many people on both sides of the debate are awaiting the oral arguments before the Supreme Court next Tuesday about whether President Biden’s student loan forgiveness plan is constitutional.

Last August, Biden announced that a student loan borrower whose income was low enough to receive a Pell grant while in college would be eligible for up to $20,000 in debt cancellation, as long as their current income was less than $125,000 (or less than $250,000 in the case of married couples or heads of households). Borrowers whose income fell within those limits but who did not receive a Pell grant in college qualified for up to $10,000 of debt relief.

But legal challenges to the President’s student loan forgiveness action quickly followed, putting the plan on pause, and leaving the financial fate of millions of borrowers in the hands of the Court.

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