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Student loan payments, fate of Biden's forgiveness plan in hands of Supreme Court.

  • Student-loan payments will resume in October as the Biden administration will end the pause.
  • The Supreme Court is set to rule on lawsuits challenging President Biden's student loan forgiveness program that provides up to $20,000 in relief for federal student loan borrowers.
  • Millions of student loan borrowers await the Supreme Court ruling to determine if their debt will be reduced or if they will have to resume payments this fall.
  • The Biden administration argues it has the authority to implement the loan forgiveness, while challengers claim it overstepped.
  • Regardless of the outcome, student loan payments are set to resume later this year, though income-driven repayment plans may provide relief.
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