What Happens to Forgiven Loans if Biden Loses in Court?

It's a near certainty that someone, somewhere will challenge President Biden's student loan forgiveness plan in court. What's uncertain is what will happen if Biden loses.

As a legal justification for wiping out billions in student loans, the White House cited a post-9/11 law originally conceived as a way to help soldiers fighting in Iraq and Afghanistan. Some administrative law experts question the legality of using this law to forgive student loans during the ongoing Covid-19 pandemic.

On today's episode of our weekly legal news podcast, On The Merits, Bloomberg Law White House reporter Courtney Rozen sets up the coming legal fight over the extent of presidential authority around student loans. And she discusses what could happen if the program ultimately gets struck down in court.

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