Supreme Court student loan hearing: What you need to know
The fate of President Joe Biden’s student loan forgiveness plan is up in the air after Supreme Court justices questioned whether his administration has the authority to broadly cancel federal student loans
By CORA LEWIS
Published - Mar 01, 2023, 11:33 AM ET
Last Updated - Jun 22, 2023, 06:39 PM EDT
NEW YORK (AP) — The fate of President Joe Biden's student loan forgiveness plan is up in the air after Supreme Court justices questioned whether his administration has the authority to broadly cancel federal student loans.
Already, about 26 million people have applied for debt forgiveness, and 16 million applications have been approved. However, because of court rulings, all the relief is on hold. The Education Department stopped taking applications in November because of legal challenges to the plan.
The Supreme Court will have the ultimate say on whether Biden can wipe out student loan debt, fulfilling a campaign pledge he made in 2020. Here's what to know if you're waiting for debt relief:
