The Supreme Court began hearing arguments regarding President Biden’s student loan forgiveness plan on Feb. 28. Here were five early takeaways from the session.
The plan has been blocked since November, when a federal judge and an appeals court ruled against it. The Supreme Court’s decision, which might not come until June, could impact around 40 million borrowers.
If the Court rules against the program, people will have to look to other means for dealing with their student loan debt. Over the past few months, the government has made it slightly easier to use bankruptcy to discharge such loans.