Senate Republicans are moving forward with legislation to repeal President Joe Biden’s signature student loan forgiveness initiative. And it may attract some Democratic support, increasing the chances that it could pass Congress.
President Joe Biden’s signature student loan forgiveness initiative. And it may attract some Democratic support, increasing the chances that it could pass Congress.Supreme Court Is Deciding Whether To Uphold Biden’s Student Loan Forgiveness Initiative
Biden announced his unprecedented plan to enact mass student loan forgiveness last year. The program, if it is allowed to proceed, would provide up to 40 million borrowers with $10,000 in federal student loan cancellation, or up to $20,000 if they received a Pell Grant for their education. Over half of potentially eligible borrowers applied — and
— before the plan was blocked by federal courts as Republican states and conservative-leaning groups launched legal challenges. The Biden administration appealed those federal court rulings to the United States Supreme Court, which. Top officials have publicly expressed confidence that the program is legal.
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