The Supreme Court heard Biden's loan forgiveness case today. Here's when we expect the court to rule on student loans.
and that the Education Department had approved 16 million of them.
Multiple federal judges blocked Biden's plan from taking effect, and the Supreme Court announced it would hear oral arguments on the 2 cases, preventing the Biden administration from implementing any debt relief to applicants. The court permitted borrowers to continue applying for relief., preventing the administration from accepting new applications from borrowers.
In December, the Supreme Court announced it would hear oral arguments on both major challengers to Biden's plan: Biden v. Nebraska, and Department of Education v. Brown.The Supreme Court justices appeared skeptical of Biden's plan during oral argumentswith many of the conservative justices questioning whether the student loan forgiveness program was an executive overreach.
Chief Justice John Roberts repeatedly questioned the program's costs and the role of Congress in making such a decision. Justice Neil Gorsuch also questioned whether Biden's plan was fair to those who have either paid off all their student loans or who never took out student loans to begin with. US Solicitor General Elizabeth Prelogar argued that the Biden administration acted within its power when it implemented the student-debt relief plan to assist the millions of Americans financially affected by the COVID-19 pandemic.Though it's always difficult to predict exactly when the Supreme Court will release a decision, the justices will rule on student loan debt relief at some pointSign up for notifications from Insider! Stay up to date with what you want to know.
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