Supreme Court considers Biden’s student loan plan

Student debt loan forgiveness plan

The Supreme Court justices skeptically questioned the Biden administration’s student loan forgiveness plan in an oral argument on Tuesday.

Two student borrowers and six Republican-led states sued over the plan. So far, more than 26 million people have applied for $10,000 to $20,000 in student loan forgiveness. More than 16 million of the applicants have been approved.

The plan will cost $400 billion over 30 years, the Congressional Budget Office said. But a different analysis by the nonpartisan Penn Wharton Budget Model group estimates the loan forgiveness program could reach much higher, nearly $1 trillion. 

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What’s the main question before the court? The Biden administration is arguing that the state of emergency caused by the COVID-19 pandemic gives them the authority to forgive student loans. The 2003 Heroes Act says the Secretary of Education may “waive or modify” statutes so that borrowers are not placed in a worse financial position because of a national emergency.

Justice John Roberts questioned the administration’s definition of modify and seemed to indicate that the plan did more than that.

 This story originally appeared in WORLD. © 2023, reprinted with permission. All rights reserved.

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Advice to students: “Get off Mom and Dad’s, and the American taxpayer, gravy train!” Pay your own student loan the same as millions of Americans before you! Taxpayers don’t owe you a thing! You want someone to pay your bill, go back to the school of higher learning that sold you your degree and ask them for loan forgiveness; or better yet, ask the professors who imparted their wealth of knowledge to you, except to expect to pay your own way!