However, Republican-backed states, including Arkansas, Florida and Missouri, filed lawsuits against the SAVE plan earlier this year, putting that relief in jeopardy.
watch nowBorrowers likely won't learn more until after the presidential election in November, said Scott Buchanan, executive director of the Student Loan Servicing Alliance, a trade group for federal student loan servicers.
Chevron ruling may limit Education DepartmentMeanwhile, a recent Supreme Court ruling is expected to make it harder for the Education Department to deliver relief to student loan borrowers.
Valerie Plesch | Bloomberg | Getty ImagesThat could make Biden's do-over effort at sweeping student loan forgiveness more difficult, Kantrowitz explained.
With Biden's future at risk, so is student loan aidBiden has forgiven more student debt than any other president, Kantrowitz said.
Persons:
Perry, Brandon Bell, Biden, Scott Buchanan, servicers, Buchanan, Mark Kantrowitz, Pramila Jayapal, Valerie Plesch, Kantrowitz, Biden's, Donald Trump, he's, Kamala Harris
Organizations:
Castaneda, University of Texas, Getty, Biden, Republican, Student Loan, Alliance, CNBC, Education Department, Bloomberg
Locations:
Austin, Austin , Texas, Arkansas, Florida, Missouri, Kansas, Chevron, Washington, Washington , DC