Biden administration asks the Supreme Court to reinstate student loan forgiveness program
are eligible for an additional $10,000 in forgiveness. To date, more than 26 million people have applied for Biden’s debt relief program, and 16 million of those files have been reviewed, according to the education department.the program is authorized by a 2003 law that authorizes the education secretary “to alleviate the hardship that federal student loan recipients may suffer as a result of national emergencies.
over 10 years, warrants congressional authorization because of the economic and political significance. The lawsuit was filed by six states — Arkansas, Iowa, Kansas, Missouri, Nebraska and South Carolina — that in September. The states accuse the president of overstepping his authority and threatening the revenue of state entities that profit from federal student loans.Biden v. State of Nebraska, et al.
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