“Most of our contacts say that the probability of the student loan [relief] plan surviving the courts is no better than 1 in 3,” two BTIG analysts said in a recent note.
As the U.S. Supreme Court prepares to rule on President Joe Biden’s plan to cancel a big tranche of federal student loans, analysts say it’s likely the high court will nix it.
An analyst for Capital Alpha Partners, Ian Katz, said in a note that “there’s a widespread belief that this is a slam-dunk case for the conservative Supreme Court to rule against the Biden administration.” If the court finds the plaintiffs have the right to sue, then it will consider the merits of the case, or whether the law gives the Biden administration the power to cancel student debt.“The main doubts for the plaintiffs, I think, is the possibility that the court could decide that the plaintiffs don’t have standing,” said Capital Alpha’s Katz.
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