I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand.

It's time for some money rehab.

The Supreme Court finally released its decision on student loans.

It feels like we've been waiting for this decision forever now, but it was the last case

that the court heard at the end of the term so it makes sense that this was one of the

last rulings to be released.

What the next step is and how the Biden administration will handle the ruling is a little up in the

air at the time of this recording, but we do know what happens next, and we can speculate

about what this means for all of us.

To kick things off, let's talk about what this ruling means if you don't owe the federal

government any money for student loans.

You might think this case has nothing to do with you, and hopefully you'd be right.

But there is a chance that this ruling and restarting student loan repayments could factor

into a recession.

It might not, I never want to panic you, but we've known for a long time now that we're

in a precarious economic landscape, and so far we've gotten really lucky and skated across

some very thin economic ice.

But there have been huge bumps along the way, and I don't want to minimize the suffering

that inflation and the housing market have caused.

So far we've avoided a hard landing into a recession.

So first, let's break down who owes what when it comes to student loans.

What age group do you think owes the most in student loans?

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