The Supreme Court will rule in the coming days on the legality of the Biden Administration’s student debt relief policy, deciding the fate of millions of federal student loan borrowers before loan payments are set to resume this fall.
in November, according to the Education Department, which is more than half of the 43 million borrowers eligible. Of those applications, 16 million borrowers have been approved so far to have their debt forgiven, but no funds were disbursed before the program was halted.The Biden Administration announced its student loan forgiveness program in August following heavy pressure from Democrats, immediately sparking Republicans’ ire and prompting a wave of litigation.
The White House justified student loan relief through the Covid-19 pandemic, arguing that it was a national emergency that gave the administration the authority to cancel debt under the HEROES Act. Though the White House formally ended the national emergency for the Covid pandemic in May, the administration has argued student debt relief is still justified because of the pandemic and it’s separate from the end of the national emergency.
In addition to the more sweeping debt relief plan, the Biden Administration has also imposed a number of other measures regarding student loans that are separate from the Supreme Court cases and won’t be impacted by its decision. The administration has
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