On Tuesday, the Supreme Court heard arguments in a challenge to President Biden's student debt cancellation program, which could have a massive impact on the lives of 26 million Americans. The plan — which would offer up to $20,000 in debt relief — has been controversial due to the lack of congressional approval given, pushing the burden of the $400 billion cost onto taxpayers.
The Biden plan would forgive up to $10,000 of student loan debt for those earning less than $125,000 a year, or under $250,000 for married couples. In addition, those who had received Pell Grants would qualify for up to $20,000 in loan forgiveness. Those approved under the program totaled 16 million when oral arguments began Tuesday, but the program has been frozen until the Supreme Court makes a decision. A ruling is expected by this summer.
Even with some conservative justices expressing doubts during their questioning