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Biden’s Student Loan Relief Plan is Facing the Supreme Court This Week. Here Is What You Need to Know.

Credello: President Biden’s executive order forgiving student loan debt for millions of Americans is in front of the Supreme Court (SCOTUS) to determine whether or not it can go through. Here’s what you should know.

What happens if student loan forgiveness is struck down?

If SCOTUS should determine that Biden’s executive order is unconstitutional, they may strike it down. If that happens, those with outstanding student loans would still be able to get relief through the government’s other loan forgiveness programs- such as Public Service Loan Forgiveness and Perkins Loans – but they would not be able to use Biden’s order.

However, the eligibility rules for these programs are strict and the majority of U.S. citizens will not qualify. If you’re one of the millions who wouldn’t be eligible, you have a few options:

  • Consolidate your outstanding loans into a single personal loan – This may be a quicker solution than you think. As for how long it takes to get a personal loan the process can take anywhere from a few minutes to weeks. If you’re applying for a personal loan online it could just be minutes but then the actual approval process may take a few days, especially if the lender needs to verify your income and creditworthiness. Pay attention to interest rates and ensure you’re getting the best deal possible
  • Keep an eye on the Department of Education’s website – There may be new options available for refinancing your loans via the DOE if loan forgiveness is found to be unconstitutional. No updates are being given just yet, but there may be a backup plan from the federal government soon.
  • Your loans may still be frozen for the time being – Even if student loan forgiveness is struck down, that doesn’t mean your loan payments will be due immediately. There is a chance President Biden will continue having student loans frozen, as it’s a good political move for appealing to Millennial and Gen Z voters come election time. If loan forgiveness does go through, then you’ll have a solid nest egg of money you can put towards a rainy day, retirement, or putting a down payment on a home.
  • Prepare your budget for the worst-case scenario (it’s a win-win either way)- If student loan debt is a big problem for your finances, you shouldn’t wait til the last minute to start creating your own “Plan B” should the EO get struck down. Start reworking your budget and put money away that you can put towards your student loan debt if payments start up again soon. That way, you’ll have a chunk of money set aside that you can put toward your principal, reducing the amount of debt that accrues interest. If loan forgiveness does go through, then you’ve got a nice nest egg of money you can put towards a rainy day, retirement, putting a down payment on a home, whatever!

What happens if SCOTUS allows student loan forgiveness?

If SCOTUS rules that President Biden acted within his powers and that the executive order is legal, the plan to cancel certain types of student loan debt will immediately go into action. 

To be eligible for forgiveness you must:

  • Have an income under $125,000 for individuals or $250,000 for couples
  • Have received a Pell Grant in college (you will receive up to $20,000 in debt relief) OR
  • Have received a student loan from the federal government (you will receive up to $10,000 in debt relief)

Unfortunately, it’s too late to apply for relief from this program, as the deadline passed last October. However, there may be new options once this first round is decided in the courts. 

The bottom line

As SCOTUS weighs the legality of President Biden’s executive order, it’s important to stay up to date on the latest news via the Department of Labor’s website. This way, you’ll be able to make informed decisions about your own financial future and can plan accordingly.

About Credello

Credello is a financial tech company offering a personal finance tool that simplifies financial decisions through personalized, on-demand recommendations — so users can borrow, save, or invest with confidence.

Credello believes that finding the right financial product should be as easy and interactive as online shopping, and we are on a mission to make that possible. For more information, please visit 

Contact Information:

Keyonda Goosby

Public Relations Specialist

[email protected]

(201) 633-2125

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Biden’s Student Loan Relief Plan is Facing the Supreme Court This Week. Here Is What You Need to Know.

The post Biden’s Student Loan Relief Plan is Facing the Supreme Court This Week. Here Is What You Need to Know. first appeared on RSVTV news.

VET Tv Announces Release of ‘Interpreters Wanted’

VET Tv’s Newest Documentary Directed by Four-Time Emmy Award-Winning Army Veteran

The story of two Afghan interpreters, the dangers they faced supporting U.S. forces in the war in Afghanistan — and the simultaneous battle they fought to come to America — is the focus of Veteran Entertainment Television’s newest feature-length documentary.

“Interpreters Wanted” centers around Saifullah Haqmal and his brother Ismail, educated Afghan men who choose to work with U.S. forces as interpreters, and Robert Ham, one of the deployed soldiers they befriended in their years of service to the United States. 

As Ham’s deployment comes to an end, Saifullah and Ismail’s support to U.S. forces continues for years afterward — living in the combat zone of Afghanistan isn’t a one-year tour for them, it’s their day-to-day life. As Afghanistan’s elected government enters its final days, and the country crumbles around them, see the struggle one interpreter has to escape as the Taliban close in.

“This is the kind of documentary that we know our audience will connect with and will have an immediate impact,” said Waco Hoover, VET Tv’s chief executive officer. “The struggle Saifullah and Ismail have had is representative of the challenges Special Immigrant Visa (SIV) holders have been experiencing for years. Robert’s story helps us understand the fear and uncertainty these men went through as Afghanistan’s government fell around them.”

Ham, the film’s director, is a decorated Army combat veteran turned filmmaker. A 2016 Tillman Scholar and graduate of the University of Southern California’s School of Cinematic Arts, he is also a four-time Emmy Award-winning storyteller.

“I’m grateful to finally be able to share this film with the world, some 14 years after it began,” Ham said. “This is perfect for the VET Tv audience and their hunger for compelling and authentic stories.”

VET Tv will hold a private screening for the film in Los Angeles on March 22. “Interpreters Wanted” is coming soon — see the teaser trailer and more here.  


VET Tv is a mission-driven brand using entertainment as a vehicle to create community and connection and improve the mental health for those who served. The company is a U.S.-based, vertically integrated, over-the-top media service that specializes in creating, producing, self-distributing, and marketing film and television series whose primary audience is the military and Veteran community. Visit to tune in — and join the conversation on our YouTube, Facebook, Instagram, TikTok, and Twitter pages. For media queries, contact [email protected].

Contact Information:

Mike Lavigne

Chief Communications Officer

[email protected]

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VET Tv Announces Release of ‘Interpreters Wanted’

The post VET Tv Announces Release of ‘Interpreters Wanted’ first appeared on TREND MAG.