Student Loan Debt Relief Explained
A brief look at student loans, Biden’s plan to forgive some student loan debt, and why Republicans oppose it.
A brief look at student loans, Biden’s plan to forgive some student loan debt, and why Republicans oppose it.
Conservative U.S. Supreme Court justices on Tuesday signaled skepticism over the legality of President Joe Biden’s plan to cancel $430 billion in student debt for about 40 million borrowers, with the fate of his policy that fulfilled a campaign promise hanging in the balance.
The fate of President Joe Biden’s plan to cancel $430 billion in student debt for about 40 million borrowers was placed in the hands of the U.S. Supreme Court on Tuesday as the justices began hearing arguments in a case that presents another major test of executive branch authority.
The finances of Hayes and millions of other Americans are in the hands of the U.S. Supreme Court as it hears arguments next Tuesday in appeals by President Joe Biden’s administration of lower court rulings blocking his plan announced last August to cancel $430 billion in student debt.