If the U.S. Supreme Court rules against Biden's plan, Americans would have to pay back their refunds.
What is Biden's Plan for Student Loan Forgiveness?
More than 45 million Americans owe a combined $1.7 trillion in federal student debt. Nearly one-third of student loan borrowers owe less than $10,000, and those who meet the income restrictions would have their entire loan wiped out under the plan.What Happens if Court Knocks Down Program? Most checks are eligible for up to six months before becoming void if they aren't cashed. Those who received refunds are urged not to spend the money but cash the check to avoid the money becoming void if the plan is approved.that people receiving refunds shouldn't spend the money.
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