The challenges to Biden's student loan forgiveness program |
Drew Angerer/Getty Images |
- The 6-3 conservative majority Supreme Court heard oral arguments on Tuesday in two cases challenging President Joe Biden's student loan forgiveness program. [Vox / Ian Millhiser]
- Biden's program would forgive $10,000 for borrowers earning up to $125,000 per year, and up to $20,000 for economically disadvantaged students who received Pell grants. [NBC News / Lawrence Hurley]
- The Department of Education has had 26 million people apply, and estimates over 40 million are eligible. [New York Times / Stacy Cowley]
- In the first case, six Republican-led states argued the plan oversteps executive authority and would hurt revenue. In the second, two students say the plan harms them because they are not eligible. [Washington Post / Danielle Douglas-Gabriel]
- The Biden administration argues the HEROES Act, passed following the September 11, 2001, terror attacks, grants the Department of Education power to waive loans during a national emergency — and that the pandemic constitutes such an emergency. [NPR / Nina Totenberg]
- Student loan repayments have been suspended since March 2020 because of the pandemic, and will resume after the Supreme Court issues its final opinion, expected in June. [Associated Press / Jessica Gresko]
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