Biden's plan, announced last summer, would cancel up to $10,000 in federal student loan debt for those making less than $125,000 or households with less than $250,000 in income per year. Pell Grant recipients, who typically demonstrate more financial need, would have an additional $10,000 in debt forgiven.to the plan, one from six Republican-led states and the other involving a lawsuit filed by two students.
Millions are eagerly waiting to find out if the court will allow the plan to take effect. Some 43 million borrowers stand to benefit, and 20 million could have their debt completely wiped away, according to the Biden administration.The U.S. Supreme Court at dusk on June 28, 2023, in Washington, D.C. The court will release its decision on the fate of President Joe Biden's student loan forgiveness plan on Thursday.Biden v.
During oral arguments, the court's conservative justices suggested the Biden administration had exceeded its authority with the plan. The Republican states that sued have argued thatSolicitor General Elizabeth Prelogar argued that the debt relief was in the scope of Biden's authority under the HEROES Act due to the national emergency created by the COVID-19 pandemic.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Law Law Latest News, Law Law Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
White House defends student loans move ahead of Supreme Court ruling: Biden 'fought for you'The White House defended its $400 billion student debt transfer ahead of a SCOTUS ruling that could strike down the program. '[Our message is] that President Biden has fought for you every step of the way,' principal deputy press sec. Olivia Dalton said.
Source: dcexaminer - 🏆 6. / 94 Read more »
Can Joe Biden cancel student loans if Supreme Court strikes down plan?Some activists have continued pushing for the use of a 1965 law that they believe gives the federal government strong authority over student loans.
Source: Newsweek - 🏆 468. / 52 Read more »
Biden to join 'Deadline: White House' for live interview after Supreme Court rulingsNEW: President Joe Biden to join NicolleDWallace on DeadlineWH Thursday at 4 P.M. for a historic live interview
Source: MSNBC - 🏆 469. / 51 Read more »
Supreme Court to release ruling on President Biden's student loan forgiveness planOn Thursday, the Supreme Court is expected to release its ruling on the legality of President Biden’s student loan forgiveness plan. NBC10Responds reporter tracydavidson has the details:
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »
Supreme Court news: Why 6-3 conservative court has Obama, Schumer, and Pelosi cheeringDemocrats are cheering for the conservative majority Supreme Court after a Tuesday ruling in Moore v. Harper, saying the rejection of the so-called independent state legislature theory marked a win for voting rights.
Source: dcexaminer - 🏆 6. / 94 Read more »
Summit County judge achieves re-certification from Ohio Supreme Court for Valor Court ProgramPresiding Judge Susan Baker Ross earned a final certificate from the Ohio Supreme Court's Commission on Specialized Dockets for the Valor Court.
Source: WEWS - 🏆 323. / 59 Read more »