06/30/2023

SCOTUS to Decide Fate of Biden Student Loan Forgiveness

In February, the conservative justices signaled skepticism over it

Today, the Supreme Court of the United States (SCOTUS) was set to rule on the legality of President Joe Biden's plan to cancel $430 billion in student loan debt - a move intended to benefit up to 43 million Americans and fulfill a campaign promise.

The conservative justices during arguments in the case in February signaled skepticism over the plan as they mulled legal challenges pursued by six conservative-leaning states - Arkansas, Iowa, Kansas, Missouri, Nebraska and South Carolina - and two individual borrowers.

The dispute, one of two major rulings the justices are expected to issue on the final day of decisions for their term that began in October, has high stakes for 26 million U.S. borrowers who applied for relief after Biden announced the plan in August 2022 until last November, when lower courts blocked the plan.

Please select this link to read the complete article from Reuters.