Supreme Court To Hear Two Cases Regarding Student Loan Forgiveness Program
Justices will hear one case brought by six Republican-led states as well as another case brought by two borrowers in Texas.
The U.S. Supreme Court is set to hear two cases concerning President Joe Biden’s student loan forgiveness program on Tuesday.
The program would cancel $20 thousand of student loan borrowers debt depending on the outcome of the hearing.
When the Justices rule, their decision will determine when payments on federal student loans will resume. This comes as the pandemic-related pause has been in place for almost three years now.
The Biden administration said payments are set to resume 60 days after litigation over the forgiveness program is resolved, or at the end of August, which ever situation comes first.
On Tuesday, Justices will hear one case brought by six Republican-led states that argue they would be harmed financially if the forgiveness program goes into effect.
They will also hear a case brought by two borrowers in Texas that argue how they do not qualify for debt forgiveness under the program.
The Supreme Court’s ruling will determine whether the program will move forward or cease all actions.