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Here's Biden's Backup Plan If the Supreme Court Blocks Student Debt Relief

TheMotleyFool

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Here's Biden's Backup Plan If the Supreme Court Blocks Student Debt Relief: https://g.foolcdn.com/editorial/images/734946/american-flag-in-front-of-capital-building.jpg

Student loans have always been a murky subject for many people, but the recent developments with loan repayments and forgiveness have made them all the more confusing.

Last year, President Joe Biden announced a plan to forgive up to $20,000 in student loans (or $10,000 for those who did not receive a Pell Grant) for borrowers earning under $125,000 per year.

Since then, the plan has been met with multiple lawsuits, and its fate is up to the Supreme Court -- which is expected to announce its decision in the coming weeks.

Source Fool.com

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