The Biden White House and Education Department released plans Monday to cancel student debt for millions of borrowers. 

From Business Insider: 

“According to a White House fact sheet, the new plan — if implemented as proposed — would provide debt cancellation to over 30 million borrowers when combined with prior debt relief actions. It would ‘fully eliminate’ any accrued interest for 23 million borrowers, give more than 10 million borrowers at least $5,000 in relief, and cancel 4 million borrowers' entire balances.”

Last June, the Supreme Court ruled that Biden’s initial student loan forgiveness plan was unconstitutional in a 6-3 decision. Like the previous student loan forgiveness ploy, Biden’s latest plan has not been approved by Congress, and will likely wind up in court again. 

Senior White House officials insist that the new plan is consistent with the Supreme Court's decision and the law. How ​it is legal, however, remains unclear.