What Millions of Student-Loan Borrowers Need to Know as 2023 Shapes Up To Be a Year of Uncertainty for Biden's Relief

His excitement didn't only stem from the fact that the relief would wipe out his entire student-loan balance. Todd — who requested his last name be withheld for privacy — was looking forward to nearly every federal borrower experiencing the relief Biden promised them on the campaign trail. But his mood quickly shifted when lawsuits began to mount, with two so far blocking the relief from being implemented for now as it heads to the Supreme Court. As a result of the legal challenges, the application for debt relief has been paused since October, and the Education Department is prohibited from moving forward with processing the relief until the nation's highest court rules on the legality of the policy.