Justice Thomas Wrote of 'Crushing Weight' of Student Loans

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The Supreme Court won’t have far to look for a personal take on student debt before it hears argument on the Biden administration’s college loan forgiveness plan on Tuesday.

Chief Justice John Roberts and Justices Neil Gorsuch have the most on hand, at least $600,000 and at least $300,000, respectively, according to annual disclosure reports the justices filed in 2022. Each has two children.

Thomas noted that he signed up for a tuition postponement program at Yale in which a group of students jointly paid for their outstanding loans according to their financial ability, with those earning the most paying the most. Personal experience can shape the justices' questions in the courtroom and affect their private conversations about a case, even if it doesn't figure in the outcome.

Under a plan announced in August but so far blocked by federal courts, $10,000 in federal loans would be canceled for people making less than $125,000 or for households with less than $250,000 in income. Recipients of Pell Grants, who tend to have fewer financial resources, would get an additional $10,000 in debt forgiven.

 

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