Supreme Court weighs Biden student loan plan worth billions

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The Supreme Court is taking up a partisan legal fight over President Joe Biden's plan to wipe away or reduce student loans held by millions of Americans.

The high court, with its 6-3 conservative majority, is hearing arguments on Tuesday in two challenges to the plan, which has so far been blocked by Republican-appointed judges on lower courts.

“I’m confident the legal authority to carry that plan is there,” Biden said on Monday, at an event to mark Black History Month. Without it, loan defaults would dramatically increase when the pause on loan payments ends no later than this summer, the administration says. Payments were halted in 2020 as part of the response to the coronavirus pandemic.

Dozens of borrowers came from across the country to camp out near the court on a soggy Monday evening in hopes of getting a seat for the arguments. Among them was Sinyetta Hill, who said that Biden’s plan would erase all but about $500 of the $20,000 or so she has in student loans.

 

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