Anxiety Builds as High Court Decision on Loan Forgiveness Nears

Like all Supreme Court decisions of late, the ruling on whether President Biden’s student loan forgiveness program is Constitutional will generate debate and no end of criticism.

Problems with loan servicing, questionable practices with forbearance as well as the impact of the Pandemic may propel the Court to rule that only Congress has the authority to legislatively provide relief. The current debate on spending in connection with the debt limit bill makes Congressional action unlikely.