The Supreme Court student loan debt relief program refers to the Biden administration’s plan to forgive up to $20,000 in federal student loan debt for Pell Grant recipients and up to $10,000 for other federal student loan borrowers.
The program is intended to provide financial relief to borrowers who are struggling to repay their student loans. It is estimated that the program will forgive debt for approximately 43 million borrowers and provide some relief to nearly all of the 45 million federal student loan borrowers. The program has been challenged in court, and the Supreme Court is expected to rule on the legality of the program in the coming months.