When President Joe Biden announced his student debt relief plan, most people leapt for joy. But despite millions of borrowers qualifying to have some or all loans wiped out, the implementation of the program has been tied up in litigation. This Tuesday, the fight went all the way to the Supreme Court.
. The Congressional Budget Office has said the program will cost about $400 billion over the next three decades.A lower court dismissed the lawsuit involving Arkansas, Iowa, Kansas, Missouri, Nebraska, and South Carolina. But a panel of three federal appeals court judges in the U.S. Court of Appeals for the 8th Circuit—all of them appointed by Republican presidents—put the program on hold during an appeal, said the AP.
Biden announced another nationwide pause on student loans in the meantime, leaving millions of Black borrowers anxiously awaiting the court’s decision. Zakiyah Shaakir-Ansari, 55, is the advocacy director for Alliance For Quality Education. Although she has already paid off her own student loans, she does have eight children, seven of whom would be potentially affected by the court’s decision.
Many in the country are upset about the program and have not acknowledged how racialized the issue has become, she said.
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