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The Supreme Court Is Set to Rule on Student Loan Forgiveness. Here’s What Could Happen Next
02/27/23 | Self

Posted on 02/27/2023 3:34:30 PM PST by know.your.why

The Supreme Court is poised to hear back-to-back oral arguments for two student loan-related cases on Tuesday, in what could be the final hurdle for the Biden administration’s student loan forgiveness plan.

In August, President Joe Biden announced a program that would forgive up to $20,000 in debt for borrowers with federally held student loans, impacting more than 40 million borrowers. Applications for the program opened in October, but a federal judge in Texas put the program on hold in November, ruling that the program was “unlawful.”

In both of the cases heading to the Supreme Court, Biden v. Nebraska—a lawsuit that was brought forward by the states of Nebraska, Missouri, Arkansas, Iowa, Kansas and South Carolina— and Department of Education v. Brown—which was brought forward by two plaintiffs who believe they were unjustly excluded from the relief—the Supreme Court will decide whether the student loan relief plan exceeds the Department of Education’s authority and whether the lawsuits have legal standing.

More than 26 million Americans applied for student loan forgiveness, and another 16 million applicants were fully approved for relief when the program was paused, according to the White House.


TOPICS: Business/Economy
KEYWORDS: flb; forgiveness; loan; loanforgiveness; relief; scotus; student; studentloan; studentloans; unamerican; votebuying
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To: Ann Archy

they can’t count votes in the future, yet..


21 posted on 02/28/2023 1:54:51 AM PST by newnhdad (Our new motto: USA, it was fun while it lasted.)
[ Post Reply | Private Reply | To 19 | View Replies]


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