President Biden’s plans to cancel $400 million in student loans are on hold. On Tuesday, the Supreme Court heard arguments on whether the administration had the legal authority to cancel the debt. WSJ’s Andrew Restuccia discusses the arguments for and against the program, and he explains what the decision could mean for borrowers.

Further Reading:

- Student-Loan Borrowers Likely Won’t Know for Months if Debt Will Be Forgiven 

- Supreme Court’s Student-Loan Case Will Test Limits of Presidential Power 

Further Listening:

- Breaking Down Student Debt Relief 

- How Biden Plans to Tackle Student Debt

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