Biden’s student-loan forgiveness plan could be blocked or delayed, expert warns

A warning for those anticipating at least a portion of their student loans being forgiven: It’s not necessarily a done deal.

Mark Kantrowitz, a veteran expert on student financial aid and author of “Who Graduates from College? Who Doesn’t?” spoke to that reality on Thursday at MarketWatch’s Best New Ideas in Money festival. He said that legal challenges to the loan-forgiveness program announced by President Joe Biden in August are expected and could present a real obstacle.

If the challenges make it to the U.S. Supreme Court, “the loan forgiveness is likely to be blocked. At the very least it will be delayed,” Kantrowitz said.

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