If you have federal student debt, you’re probably anxiously waiting for the Supreme Court to decide on whether the Biden administration has the authority to cancel up to $20,000 of those loans. It’s been more than three years since most borrowers have had to make loan payments, which were paused at the start of the pandemic. But once the highest court issues its ruling, which is expected by the end of June, monthly payments are likely to resume within a few months. The uncertainty has left millions of borrowers in a state of limbo and with lingering questions. What sort of repayment plans are available?

Source: CNN April 21, 2023 15:06 UTC