With the U.S. Supreme Court weighing the fate of President Biden’s landmark student debt relief program, financial advisor clients with outstanding college loans may wonder what to do in the meantime with money they’d otherwise use for those monthly payments.

The debt relief plan, being challenged by Republican-led six states and two individuals, promises to forgive up to $10,000 in Department of Education loans for eligible borrowers — and potentially double that for those who received Pell Grants.

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