Supreme Court student loan hearing: What you need to know

Millions of students may see up to $20,000 in student debt cancelled if the Supreme Court upholds Biden's debt forgiveness program.The Supreme Court met Tuesday to hear two cases challenging President Joe Biden's student loan forgiveness plan. At stake: forgiveness of up to $20,000 in debt for more than 40 million Americans. Nearly half of those people could have their federal student debt wiped out entirely.

Several conservative justices suggested the administration had exceeded its authority with the program. Chief Justice John Roberts mentioned the program's cost - an estimated $400 billion over 30 years - and its wide impact on millions of Americans. Most observers, he said, would think "that's something for Congress to act on."

To determine what kind of loans you hold, log in to the Federal Student Aid website, studentaid.gov. Direct loans, including Parent Plus loans, qualify. Some older FFEL and Perkins loans are also eligible, if owned by the Department of Education. For people holding older FFEL loans, consolidating those loans can lead to credit for forgiveness under certain income-driven repayment plans.

"We're focused on 'Plan A' because we're confident in our legal authority to carry out this program," White House spokeswoman Olivia Dalton told reporters aboard Air Force One on Tuesday. That said, Katherine Welbeck of the Student Borrower Protection Center recommends logging on to your account and making sure you know the name of your servicer, your due date and whether you're enrolled in the best income-driven repayment plan.

Education is not free. Where the money coming from, huh?

Yeah, well, his sexual assaults seem problematic too. Who paid conservative Justice Brett Kavanaugh‘s personal debts of $200,000 off for him in 2016? I mean, they just vanished in thin air.

as I recall like democrats keep reminding us about trumps WALL to secure the border . . . the HOUSE controls the peoples purse . . not the president! ! while I would say 3 billion to stop a foreign INVASSION would be of national interest, GIFTING almost 500,000,000.oo not so much

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Supreme Court seems ready to sink student loan forgivenessConservative justices holding the Supreme Court's majority seem likely to sink President Joe Biden's plan to wipe away or reduce student loans held by millions of Americans. In arguments lasting more than three hours Tuesday, Chief Justice John Roberts led his conservative colleagues in questioning the administration's authority to broadly cancel federal student loans because of the COVID-19 emergency. It was not clear that any of the six justices appointed by Republican presidents would approve of the debt relief program, although Justices Brett Kavanaugh and Amy Coney Barrett appeared most open to the administration's arguments.
Source: YahooNews - 🏆 380. / 59 Read more »

Supreme Court student loan hearing: What you need to knowConservative Justice Brett Kavanaugh pointed out Congress had declined to pass student loan relief, so Biden did it himself. That, he said, 'seems problematic.' 'forgiveness' lol Win-Win for the Dem’s regardless of the decision. If it’s found to be unconstitutional, those who are fiscally conservative minded will be blamed and demonized. Where can I apply to have my mortgage and car payment forgiven?
Source: ABC7Chicago - 🏆 284. / 63 Read more »

Supreme Court student loan hearing: What you need to knowConservative Justice Brett Kavanaugh pointed out Congress had declined to pass student loan relief, so Biden did it himself. That, he said, 'seems problematic.' Cancel all home mortgages while your at it. Car payments, Home mortgages, ATM fees, Credit Card fees, bills, taxes - Cancel them ALL!!!
Source: ABC7NY - 🏆 592. / 51 Read more »