Monday, July 22, 2024

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The Supreme Court Focuses on President Biden’s Student Loan Relief Program

The Supreme Court is currently hearing arguments on President Biden’s student loan relief program, which seeks to forgive up to $400 billion in federal student loan debt for millions of Americans. The program would cancel up to $10,000 in debt for borrowers earning less than $125,000 a year (or couples who file taxes jointly and earn less than $250,000 annually) [1]. This case is being closely watched, as many borrowers are concerned that come June 2023, when the freeze on payments is expected to lift, they may not be able to afford to make payments again [2]. It is unclear how the Supreme Court will rule on the case, but the outcome could have a major impact on the lives of millions of Americans [3].



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