Student Loan Relief Programs Remain in Limbo as SCOTUS Decision Looms

Federal student loan borrowers have had their monthly loan payments frozen and interest rates dropped to 0% since March 2020
The student loan payment pause is coming to an end after multiple extensions since 2020
National total student loan debt is $1.75 trillion, with an average borrower debt of $28,950 and average monthly payment of $460
The Supreme Court's ruling on the legality of President Biden's plan to forgive up to $20,000 in student debt could affect the finances of about 40 million Americans with college loans.
If the court rules against the debt-forgiveness plan, borrowers will face restarting their loan payments in September without any debt relief.