"Supreme Court's Impending Decision on Student Loan Forgiveness Sparks Proposals and Speculation"

The Supreme Court is expected to rule soon on President Biden's student loan forgiveness plan, which could provide up to $20,000 in debt relief for millions of Americans. The Court must evaluate whether the federal law cited by the Biden administration authorizes such sweeping debt relief and whether the challengers have standing to sue. A recent opinion by Justice Amy Coney Barrett in an unrelated case may provide clues as to how the Court will rule on the standing issue. The Court could potentially release its decision on June 16 or later in June or early July.