The Supreme Court is set to begin its summer recess very soon but still has some big cases to rule on before it does. One of these is the Biden administration's plan to forgive as much as $20,000 in federal student loan debt per borrower. The plan has been making its way through legal challenges for months.

Until we hear the court's decision, there's no way to know which way the court will rule. In oral arguments, the justices seemed skeptical of the legality of the forgiveness plan but weren't convinced of the merits of the lawsuits challenging it.

The Supreme Court recently said that it planned to release more rulings on Thursday, and there's a high probability that the ruling on student debt forgiveness will be included. So, here's what you need to know.

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Source Fool.com