Supreme Court reviews student loan debt handout plan: How it may impact you

The Supreme Court is set to hear arguments Tuesday in a pair of cases that may determine the fate of President Joe Biden’s student loan debt handout plan and have financial implications for millions of people with student loan debt and American taxpayers.

Justices will hear a pair of challenges to the student loan debt handout, both of which involve questions about whether the Department of Education was authorized by Congress to advance the rule implementing Biden’s plan and followed the proper regulatory procedures. Aside from the statutory and regulatory aspects of...