Supreme Court weighs Biden student loan plan worth billions

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Millions of student loan borrowers could see up to $20,000 of their debt canceled, depending on the high court's decision.

The Supreme Court will hear arguments Tuesday around President Biden's federal student loan relief plan.

The president, who once doubted his own authority to broadly cancel student debt, first announced the program in August. Republican-led states and lawmakers in Congress, as well as conservative legal interests, are lined up against the plan as a clear violation of Biden’s executive authority. Democratic-led states and liberal interest groups are backing the Democratic administration in urging the court to allow the plan to take effect.

Nebraska and other states that sued say the plan is not necessary to keep the rate of defaults roughly where it was before the pandemic. The 20 million borrowers who have their entire loans erased would get a “windfall” that will leave them better off than they were before the pandemic, the states say.

 

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Supreme Court weighs Biden student loan plan worth billionsThe 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
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Supreme Court weighs Biden student loan plan worth billionsThe 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. Millions others don’t need to pay someone else’s debt. We pay for others borders already. So that’s enough. Will forgive rich and white PPE loans for adults but predatory loans against children is okay bc we actually don't care about them
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Supreme Court weighs Biden student loan plan worth billions– 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. You mean the people who get paid by the rich to allow predatory laws? That Supreme Court?
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Supreme Court weighs Biden student loan plan worth billionsThe 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 plan has so far been blocked by Republican-appointed judges on lower courts. You mean scam. If he cared so much like TheDemocrats, they would have shoved it in their reconciliation bills they passed when they controlled everything. But nope. This way, they can blame the court instead of themselves. If it's such a good idea, send it through Congress like all of our tax dollars are supposed to be allocated. He couldn't even send it through a majority democrat congress last year because he knows it will fail. But he had to tell you something. So he lied. Partisan?
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Supreme Court weighs Biden student loan plan worth billionsThe 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.
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Supreme Court to hear GOP state challenge to pandemic-related Biden student loan debt relief planThe U.S. Supreme Court is set to hear oral arguments Tuesday pertaining to GOP-led states aiming to block President Biden's student debt forgiveness plan. When Biden was a Sen. He made a law that students could NOT write off school debit during bankruptcy. Universities supported this. After that, Universities and college started raising tuition to go to school. If some decides to go to school. They pay the bill, not the public
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