On June 30, in Biden v. Nebraska, the Supreme Court ruled against the Biden administration’s student loan relief plan in a 6-3 decision. The plan, which was estimated to impact more than $430 billion of student loan principal, would have canceled student loan debt for more than 40 million borrowers.
A student loan payment pause was implemented in response to COVID-19. In August 2022, in an effort to ease the transition back to repayment, the Department of Education announced it would provide loan forgiveness of up to $20,000 for Pell Grant recipients and up to $10,000 for non-Pell Grant recipients with student loans held by the Department of Education.
