President Joe Biden’s student loan forgiveness is officially in the Supreme Court’s book.
On Monday, the U.S. Supreme Court announced it will be taking both lawsuits that challenged the debt relief program on February 28, 2023.
Back in August, President Biden announced a Student Loan Debt Relief Plan that would cancel up to $20,000 in debt for borrowers making under $125,000 a year.
Following the announcement of the plan, a number of conservative-backed lawsuits arose seeking to block the relief, arguing that it’s an overreach of executive authority and unfair in a number of ways.
Two of such lawsuits have been successful in temporarily stopping the president’s plan from implementation. One lawsuit, filed by six Republican-led states, argued the debt relief would hurt their states’ tax revenues and that of Missouri-based student-loan company MOHELA. The other lawsuit was filed by two student loan borrowers who sued because they did not qualify for the full $20,000 of relief.
Now, the country’s highest court has announced it will have the final say on the policy, which will remain on hold until then.
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