Millions of borrowers pursuing student loan forgiveness could be impacted by the fallout from the recent decision. Here are the key takeaways.

A federal appeals court ruled that the Biden administration did not have the authority to pursue a student loan forgiveness plan. Here's what might happen to borrowers with monthly payments

A U.S. appeals court ruled on Tuesday that Democratic former President Joe Biden's administration lacked authority to pursue a student debt relief program designed to lower monthly payments for millions of borrowers and speed up loan forgiveness for some.