Experts Divided on Biden’s New Student Loan Forgiveness Plan

President Joe Biden

President Joe Biden’s new student loan forgiveness plan has legal experts divided, with some citing similar problems to his previous plan struck down by the U.S. Supreme Court.

The Biden administration’s Saving on a Valuable Education Plan is an income-based student loan repayment plan that provides full loan forgiveness in certain cases.

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Supreme Court Keeps Biden Student Loan Forgiveness Plan on Hold, Will Hear Case in February

The Supreme Court announced on Thursday that it will hear a lawsuit challenging President Joe Biden’s student loan forgiveness program in February, while the plan currently remains blocked.

The court released a miscellaneous order late Thursday afternoon from Justice Brett Kavanaugh granting the six states involved in the lawsuit the opportunity to present oral arguments. Biden’s student loan forgiveness plan remains blocked by an injunction, pending a further ruling from the court, who will hear arguments in February 2023.

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