Supreme Court to Hear Biden's Student Loan Forgiveness Case on February 28th
Resolution of Case to Impact Student Debt Landscape
Supreme Court to Rule on Legality of Loan Cancellation Plan
The Supreme Court will hear arguments on President Biden's student loan forgiveness plan on February 28th, 2023. The decision will have a significant impact on the future of student debt in the United States.
The Biden administration's plan would forgive up to $20,000 in federal student loan debt for millions of borrowers. The plan has been challenged in court by conservative groups who argue that the administration does not have the authority to unilaterally cancel debt.
The Supreme Court is likely to rule on the legality of the plan by the end of June 2023. If the Court strikes down the plan, it will likely be a major setback for the Biden administration.
Regardless of whether or not the debt gets canceled, the resolution of the case will bring significant changes to the student loan landscape in the United States.
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