The Supreme Court is expected to issue a ruling on President Joe Biden’s signature student loan forgiveness program as soon as tomorrow. Here's the latest:
Here’s the latest.President Biden’s student loan forgiveness plan could result in millions of borrowers receiving up to $20,000 in student debt relief. Borrowers with government-held federal student loans who earned income under $125,000 in 2020 or 2021 could be eligible. The program has been blocked for nearly a year as legal battles have played out in federal courts.
The Supreme Court held a blockbuster hearing in February on two legal challenges to Biden’s student debt relief plan. While a majority of the court seemed skeptical of the Biden administration’s legal authority to enact mass student loan forgiveness, several justices appeared concerned that the challengers did not have legal standing to sue. Standing is the concept that a challenger must demonstrate that they would be directly harmed by the federal law or policy at issue.
You can also follow a live feed for reporters who are physically present at the Supreme Court when decisions are issued. While cameras are not permitted in the Court, reporters will often relay information in real time as soon as a decision is released. Supreme Court-focused reporting groups such asIf the student loan forgiveness ruling is not released tomorrow, it will likely come out later this week. The Court will probably announce further decision release dates tomorrow morning.
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