The Supreme Court has wrapped up more than three hours of debate over the Biden administration’s power to wipe out nearly a half a trillion dollars in student loan debt without direct authorization from Congress.
Liberal justices, meanwhile, defended the Education Department’s right to forgive loan debt as a result of the coronavirus pandemic. And they voiced doubts about whether the six Republican-led states and two individuals who brought the legal challenges are specifically harmed by the debt-relief program, which they must be in order to have legal grounds to stop it.
Here’s what to know
Here's what to know:
Student loan forgiveness
The latest: At a hearing, conservative Supreme Court justices seemed highly skeptical of President Biden’s debt relief plan. To date, Biden’s student loan forgiveness plan is on ice after a Texas judge blocked the student debt relief plan.
Calculate your eligibility: We tackled everything you need to know about the debt relief plan. Use this calculator to see how much of your student loan debt can be forgiven. Here’s what to expect in the student loan forgiveness application.
The opponents: What is happening to student loan forgiveness? A federal appeals court temporarily halted the student debt relief program. Six Republican-led states are also suing to overturn President Biden’s student loan forgiveness plan. An Indiana lawsuit was the first significant legal action seeking to invalidate Biden’s policy.