The Biden administration says 26 million people have applied and 16 million have been approved to have up to $20,000 in federal student loans forgiven.
As legal battles continue over the Biden administration's loan forgiveness plan, letters have gone out to students saying they have been approved. FOX 35 Orlando's Randi Hildreth explains to LiveNOW from FOX's Josh Breslow why those students will have to wait.
"If you're talking about this in the abstract, I think most casual observers would say if you're going to give up that much ... money. If you're going to affect the obligations of that many Americans on a subject that's of great controversy, they would think that's something for Congress to act on," Roberts said.
Prelogar told the justices "defaults and delinquencies will surge above pre-pandemic levels" if the program isn't allowed to take effect before a three-year, coronavirus-pandemic inspired pause on loan repayments ends no later than this summer.Biden says 22 million have applied for student loan relief
Republican-led states and lawmakers in Congress, as well as conservative legal interests, are lined up against the plan as a clear violation of Biden's executive authority. Democratic-led states and liberal interest groups are backing the Democratic administration in urging the court to allow the plan to take effect.
"This is the creation of a brand-new program, far beyond what Congress intended," Nebraska Solicitor General James Campbell said in court Tuesday.
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