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The White House embraced debt forgiveness in 2022. Here’s what student-loan borrowers can expect in 2023.
The Supreme Court is slated to consider the Biden administration’s debt-relief plan in the next several months — one of the many potential changes to the student loan system that could come in 2023. “2023 is going to be a huge year in the student-loan world,” said Persis Yu, deputy executive director at the Student Borrower Protection Center, an advocacy group. Almost as soon as President Joe Biden announced in August that his administration planned to cancel up to $10,000 for borrowers earning $125,000 or less and up to $20,000 for borrowers who used a Pell grant in college, opponents looked for strategies to mount a legal challenge.
