Around 43 million federal student loan borrowers may have been disappointed to see the Supreme Court strike down President Joe Biden's plan to forgive up to $20,000 per borrower last month.
About 1 in 3 borrowers spent more than they normally would assuming they were going to see some debt relief, according to a recent survey of over 900 borrowers who qualified for Biden's relief plan from Intelligent.com.
Biden's plan is on hold for now, but the administration says the fight isn't over and plans to provide debt forgiveness through different legal justification.
But that process won't be complete by the time borrowers have to make payments again.
With less than three months until payments are due again, here's where borrowers — and debt forgiveness— stand.
Persons:
Joe Biden's, —
Organizations:
Supreme
Locations:
Intelligent.com