Hi,

As soon as tomorrow, the Supreme Court is expected to make a decision on whether to uphold President Biden's student loan debt forgiveness plan. The plan would provide up to $10,000 in debt forgiveness for most borrowers and up to $20,000 for Pell Grant recipients - promising relief to millions of students, including those who've attended UTSA, TAMU-SA, Alamo Colleges, St. Mary's University, Our Lady of the Lake University, UT-Austin, Texas A&M, and other colleges and universities.

I want to hear what you think should happen. 

This decision will affect more than 40 million people with federal loans. If the Supreme Court upholds student debt forgiveness, it will be easier for many Texans to start families, buy their first homes, and launch new businesses that create jobs. 

Student loan repayments have been paused since the start of the COVID-19 pandemic, but interest on federal loans is scheduled to restart on September 1 of this year. If the Supreme Court strikes down President Biden's forgiveness plan, payments will resume in October. You can learn more about student loan repayment options by visiting studentaid.gov.

I'm looking forward to hearing your thoughts.

Thank you,

Congressman Joaquin Castro
 
Last year, the Biden administration announced additional college affordability reforms that will not be affected by the Supreme Court's decision on student loan forgiveness. These reforms will cut monthly payments in half for many undergraduate loan borrowers enrolled in Revised Pay As You Earn (REPAYE) plans, reduce monthly payments to as little as $0 for lower-income borrowers, cover unpaid monthly interest, strengthen the Public Service Loan Forgiveness program, and forgive loan balances after 10 years of payment for borrowers with original loan balances of $12,000 or less. Stay updated on the implementation timeline for these reforms by visiting studentaid.gov.