"Updates on Student Loan Forgiveness and College Affordability Plans in Congress"

The US Supreme Court is expected to issue a ruling on President Joe Biden's student loan forgiveness plan this month. If approved, the plan would cancel up to $20,000 of student debt for borrowers who received a Pell Grant in college and up to $10,000 for those who didn't. The decision could potentially make 14 million people debt-free, making it easier for them to buy a home, start a family, or open a business. The justices are examining whether the president has the power to implement such a sweeping policy, and some experts believe the lawsuits against the plan could be rejected due to a lack of legal standing. A ruling is expected before July.