Student loan repayments could start as soon as this summer if the Supreme Court blocks the Biden administration’s student loan forgiveness plan.
Student loan repayments could start as soon as this summer if the Supreme Courtblocks the Biden administration’s student loan forgiveness plan.
Mark Kantrowitz, a financial aid expert and author of"How to Appeal for More College Financial Aid," says,"It's going to be a 5-4 decision, but I can't tell you whether it's going to be 5-4 in favor or 5-4 against." But Kantrowitz says the estimated $400 billion cost over three decades did not sit well with the court's conservative justices."There's something called the major questions doctrine, which says that when it is a major question, such as something involving something of significant sums of money," said Kantrowitz."Then Congress has to have explicitly authorized the program.
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