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. How much will I owe? Will I be able to afford it? What sort of repayment plans are available?
The New York Times is interested in hearing from people who will be affected by the upcoming decision: individual borrowers, parents with PLUS loans, debtors who think they may need to enroll in income-driven repayment plans and anyone else whose financial lives will be affected in some way.
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