Published on 18 Apr 2024 on InvestorPlace via Yahoo Finance

Load Up on These 3 Student Loan Stock Plays if Biden Beats the Courts

The Biden administration has formally proposed a new plan for student loan forgiveness to assist millions of borrowers. The plan was created after the U.S. Supreme Court invalidated President Biden’s initial wide-scale loan cancellation effort. It is designed to target and adhere to the regulatory process more. This development has led to some top student loan stocks to buy.

Borrowers of any income level could receive up to $20,000 in cancellation for the unpaid interest portion of their debt. Thus, significant relief from their loans could improve borrowers’ financial health. This could positively affect the performance of these student loan stocks. These companies could be attractive to borrowers who have had a portion of their loans forgiven and wish to manage their reduced debt load.