The pair of cases before the Supreme Court forced a halt in the Biden administration's plan to provide up to $20,000 in student-debt relief per borrower.
The pair of cases before the Supreme Court forced a halt in the Biden administration's plan to provide up to $20,000 in student-debt relief per borrower. Before the program was frozen, the administration had approved 16 million applications out of the 26 million people who had applied for relief.
Without the legal challenges, many of those borrowers would have by now have had their debts forgiven, said Melissa Byrne, executive director of the student debt activist group WeThe45Million. "The fact that people have to ponder what to do, it means they have to experience stress they shouldn't have to," Byrne said on Tuesday from the Supreme Court, where she is monitoring the case."People are experiencing pain and anxiety every day" over the hiatus caused by the lawsuits.
"If you are trying to sell a home, you might not be able to sell it because the person who wanted to buy it can't make a decision" because of the legal challenge, Byrne noted."It is probably impacting you, even if you don't have student loans.
The program, announced in August, quickly faced legal challenges from six states — Arkansas, Iowa, Kansas, Missouri, Kentucky and South Carolina — and two borrowers from Texas, who separately argued the plan exceeds the administration's authority.
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