The U.S. Supreme Court is set to rule on President Joe Biden’s plan to forgive $400 billion in student loan debt later today. The program would forgive up to $20,000 in debt for individual borrowers. ABC News reports the decision could affect more than 40 million Americans. The Biden Administration announced the plan in September 2022.

BING NEWS:
  • Biden Dumps Student Loan Forgiveness Plans: What It Means For Borrowers, Loan Providers Like SoFi
    The Biden administration withdrew two major student loan forgiveness plans Friday, just weeks before President-elect Donald Trump returns to the White House. Here's a look at what it means for ...
    12/24/2024 - 3:49 am | View Link
  • Biden admin withdraws student loan forgiveness plans. What borrowers should know.
    The Biden administration has withdrawn two major plans to deliver student loan forgiveness. The proposed regulations would have allowed the secretary of the U.S. Department of Education to cancel ...
    12/24/2024 - 2:25 am | View Link
  • US Supreme Court weighs fate of student loan forgiveness
    The second lawsuit involves two student loan borrowers, Myra Brown and Alexander Taylor. Ms Brown did not qualify for forgiveness, while Mr Taylor did not qualify for the $20,000 maximum.
    02/27/2023 - 11:00 am | View Link
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