Student-loan forgiveness: There is no 'backup plan,' says Biden official. 'We have one plan, it's the plan that we've announced.'

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Student-loan forgiveness: There is no 'backup plan,' says Biden official. 'We have one plan, it's the plan that we've announced.'
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A day after the U.S. Supreme Court heard oral arguments on the Biden administration’s plan to forgive student loans, a White House official talked about the administration’s plan in case the high court strikes it down.

A day after the U.S. Supreme Court heard oral arguments on the Biden administration’s plan to forgive student loans, a White House official told MarketWatch there’s no fallback plan in case the high court strikes it down.

Read: Chief Justice Roberts has questions on student-loan cancellation: ‘How does that fit under the normal understanding of modify?’ “That’s the plan we’re going with,” Ramamurti said. “We think it’s legal, we think it’s the right approach. There is no current back up plan.”

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