nearly 1.2 million New Jersey residents are awaiting a decision from the U.S Supreme Court on whether their student loans will be forgiven that decision is expected to come down any day either upholding or reversing President Biden's student loan forgiveness program it would erase up to twenty thousand dollars of student loan debt for individuals earning less than 125 thousand dollars a year and married couples earning less than two hundred fifty thousand here in New Jersey one third of those who would be affected are young adults 25 to 33 years old and slightly less than a third are 35 to 49 years old in total new jerseyans hold a little more than 44 billion dollars of debt without the forgiveness program which was challenged in court before it ever started student loan repayments will resume on October 1st after a three and a half year Hiatus that began at the start of the pandemic [Music]