PERSONAL FINANCE What to do if Supreme Court strikes down Biden’s student loan forgiveness plan

To determine how much your monthly bill would be under different plans, use one of the calculators at Studentaid.gov or Freestudentloanadvice.org, said Betsy Mayotte, president of The Institute of Student Loan Advisors, a nonprofit.

If you do decide to change your repayment plan, Mayotte recommends submitting that application to your servicer well ahead of the timeline for payments to restart. Lenders will likely be overwhelmed when they have to begin collecting loan payments from tens of millions of people again, Mayotte said.

“I have significant concerns that there will be some big servicing delays,” she said.