Supreme Court decision on student loan forgiveness expected Friday

The Supreme Court’s term is almost over and the justices still haven’t issued a decision on President Joe Biden’s plan to cancel up to $20,000 for tens of millions of Americans. But the ruling is almost certain to come out Friday, experts say.

“I would expect it then, absent some very unusual circumstances,” said Amy Howe, a co-founder of Scotusblog.

Jed Shugerman, a law professor at Fordham University and Boston University, agreed, saying it was “almost certain” that the justices will issue the rest of their decisions Friday before they break for their summer recess.

“The justices preserve July and August for getting out of town,” he said.

There is only a small chance that the justices add another decision day next week or request more time with this case.

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Borrowers should be able to read the ruling on the Supreme Court’s website, likely sometime Friday morning.

The other big decision expected tomorrow, 303 Creative Inc. v. Elenis, involves a Colorado web designer who objects to providing services for same-sex marriages.

The justices’ ruling will determine whether the Biden administration can move forward with its plan to wipe out more than a quarter of the country’s $1.7 trillion in outstanding federal student debt.

Roughly 14 million people would have their student debt entirely cleared by the program, according to an estimate by higher education expert Mark Kantrowitz.

In total, around 37 million people would be eligible for some loan cancellation, Kantrowitz estimates — up to $20,000 if they received a Pell Grant in college, a type of aid for low-income families, or as…