When the Biden administration announced plans to forgive student debt, many borrowers were no doubt ecstatic. But those plans were just dealt a pretty solid blow.

On June 30, the Supreme Court blocked Biden's student loan forgiveness plan, leaving millions of borrowers on the hook for payments they were hoping would go away. Under Biden's plan, up to $20,000 per borrower had the potential to be forgiven.

Clearly, this isn't the news Americans with student loan debt wanted to hear. But it's important to face the reality that you may end up having to pay back your student loans in full. If you're worried about managing your payments, then it's worth looking into the different repayment plans that may be available to you.

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Source Fool.com