US EditionSupreme Court seems ready to sink student loan forgiveness
- The US Supreme Court is hearing arguments in the Biden administration's appeal of two lower court rulings blocking his plan to cancel $430 billion in student debt for some 40 million borrowers.
- Under Biden's plan, the government would forgive up to $10,000 in federal student debt for those making under $125,000 and $20,000 for Pell grant recipients.
- The fate of the plan is uncertain as conservative justices on the Supreme Court questioned the administration's authority to cancel federal student loans and may rule that the challengers lack the legal standing to sue.
137 Articles
137 Articles
Local students hopeful in Supreme Court decision on student loan forgiveness
The Supreme Court heard two arguments on Tuesday about whether or not the Biden Administration can legally forgive student loans. Roughly 26 million student loan forgiveness applications could be declined by the Supreme Court and now many have strong opinions.
Why Supreme Court seems likely to sink Biden’s loan forgiveness plan
It’s a case that will impact millions. President Biden’s loan forgiveness plan is aimed at countering the economic effects of the pandemic. But conservatives see the plan as a violation of Mr. Biden’s executive authority.
Supreme Court casts more doubt on Biden’s plan to forgive student loans
In the first of two cases heard on Tuesday, lawyers for Nebraska, Missouri and four other Republican-led states contended the COVID-19 pandemic did not give the president the power to cancel student loans. They said instead that Biden was seeking to fulfill a campaign promise.
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