I cannot believe the SCOTUS will let this stand.
SCOTUS might let this stand for 2 reasons: standing (no one is really harmed here other than the taxpayer which the SC has deemed has no standing), and because the HEROES Act that Congress stupidly passed gives the Secretary of Education to do whatever he/she wants re: student loans in cases of “emergency.”
Congress should rescind the HEROES Act. It was designed for soldiers/sailors away in Iraq and post 9-11 spouse survivors with student loans but was written way too broadly.
The “major questions” doctrine might strike down the mass debt forgiveness, as the issue has too much political and economic significance to go forward without Congress.