Market question: Biden v. Nebraska: Student Loan Forgiveness
Category: Other
Tags: All

If, as a result of a ruling in the Biden v. Nebraska SCOTUS case (Docket 22–506), the Supreme Court vacates or otherwise lifts the injunction placed by the Eighth Circuit enjoining the US Secretary of Education from implementing its plan to discharge student loan debt under the Higher Education Relief Opportunities for Students Act (HEROES Act) of 2003, this market will resolve to "Yes". Otherwise, this market will resolve to "No".

A ruling that narrows the injunction to specific states will not be sufficient to resolve this market to "Yes". 

A ruling that otherwise prohibits the Secretary of Education’s plan to discharge student loan debt under the HEROES Act based on statutory, constitutional, or other grounds, will not be sufficient to resolve this market to "Yes".

Any ruling on the Biden administration’s modification to income-driven repayment plans will not effect the outcome of this market.

Only if the Supreme Court vacates or otherwise lifts the injunction placed by the Eighth Circuit enjoining the US Secretary of Education from implementing its plan to discharge student loan debt under the HEROES Act will this market resolve to "Yes".

This market will resolve as soon as a verdict rendered by SCOTUS in this case is made public. If a ruling is not provided by SCOTUS by December 31, 2023, 11:59:59 PM ET, this market will resolve to "No".

The resolution source will be official information from the Supreme Court of the United States. 


Outcome: No