If you’ve got federal student debt, you are probably anxiously waiting for the Supreme Court to choose whether the Biden administration has the authority to cancel as much as $20,000 of those loans.
It’s been greater than three years since most borrowers needed to pay back loans that were placed on hold at first of the pandemic. But once the very best court issues its ruling, which is anticipated by the top of June, monthly payments are more likely to resume inside months.
Uncertainty has left thousands and thousands of borrowers in limbo and with persistent questions. How much will I owe? Will I have the option to afford it? What forms of repayment plans can be found?
The New York Times is serious about reaching out to those that will likely be affected by the upcoming decision: individual borrowers, parents with PLUS loans, debtors who consider they could must enroll in income-based repayment plans, and anyone else whose financial life will likely be affected not directly.
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