"Updates on Biden's Student Loan Forgiveness Program and Supreme Court Ruling"

The fate of President Biden's student loan forgiveness program, which could provide up to $20,000 in debt relief to millions of borrowers, is in the hands of the Supreme Court, which is expected to make a decision in late June or early July. The program has been on hold due to legal challenges from Republican-led states and conservative groups. If allowed to move forward, the program would forgive federal student loan debt for qualifying borrowers who made less than $125,000 in 2020 or 2021 and received a federal Pell grant while enrolled in college. Payments for federal student loans are set to resume in October, and borrowers are advised to contact their loan servicer with any questions.