Why Biden ending the COVID-19 emergency could doom student loan forgiveness
were unemployed at the height of the pandemic, workers in other industries—like streaming services or video conferencing businesses such as Zoom—thrived. Since borrowers were not required to provide evidence of a financial burden when applying for student loan forgiveness, the Administration’s argument is faulty, Shugerman says.
Experts tell TIME it’s increasingly likely the Supreme Court will strike down Biden’s loan forgiveness plan in the following weeks. Implementing a student loan forgiveness plan under that statute, while a better fit, would take longer. But experts say Biden could still pass some sort of relief for borrowers by the end of his term if the Administration acts promptly.Experts tell TIME that the student loan payment pause could also run out as a result of Biden ending the COVID-19 emergency.
“I don’t think it would be out of the question that if the case came down after May, the payment cost pause could extend a little bit longer,” Luke Herrine, Assistant Professor of Law at the University of Alabama tells TIME. “But the Biden Administration would have eliminated its justification for continuing to extend it much beyond what it takes to resolve the legal dispute.”In the meantime, the administration is already considering structural changes to student loan plans.
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