Millions of student loan borrowers could see up to $20,000 of their debt canceled depending on the outcome of Tuesday's US Supreme Court hearing on President Joe Biden's student loan forgiveness program.
The justices will hear arguments in two cases Tuesday concerning the program, which is estimated to cost $400 billion. If the Supreme Court rules that the Biden administration's student loan forgiveness program is legal and allows it to move forward -- or if the court dismisses the challenges due to a lack of"standing," or the legal right to bring the disputes in the first place -- it's possible the government will begin issuing some debt cancellations fairly quickly.
Federal Direct Loans, including subsidized loans, unsubsidized loans, parent PLUS loans and graduate PLUS loans, would be eligible for the program. The Biden administration is also working on changes to existing federal student loan repayment plans that aim to make it easier for borrowers to pay for college. These changes are not facing legal challenges.
I refuse to pay off someone else's debts!! PERIOD! I WILL STOP PAYING THOSE EXTRA TAXES IF THIS TAKES PLACE! If you took out a student loan, you signed that agreement to pay it off, not us!!! It's their responsibility, not mine!!!
Nah. I'm not paying for people's shit degree choices.
They are seriously have been thinking about paying off students loans for months and only takes them 1 day to send TRILLIONS of dollars to Ukraine.
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