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Reminder: SCOTUS Decision on Biden’s Student Loan Cancellation Program Imminent

By Hugh T. Ferguson, NASFAA Managing Editor

The United States Supreme Court’s highly anticipated ruling on President Joe Biden’s student loan debt cancellation program is expected to be released as soon as this Thursday.

The two central issues stem from whether the plaintiffs have the standing required to dispute the program, and whether the White House has the authority to carry out the plan.

During oral arguments made at the end of February, the justices offered some insight into how they were scrutinizing both the program itself and the challenges made to its implementation.

Only a handful of cases remain for SCOTUS to resolve before the end of its term, which is expected to conclude in the coming days.

Once clarity is provided on the status of the program, the administration and policymakers will turn to the planned resumption of student loan repayments and interest accrual, which is slated to begin this fall per the recently enacted debt ceiling law.

In May, NASFAA’s Resumption of Loan Repayment Task Force issued a report with resources for institutions with considerations and guides as to how school’s can communicate with borrowers, and assist them as they prepare to resume student loan repayment or begin repayment for the first time.

 

Publication Date: 6/28/2023


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