As the Supreme Court heard arguments on Tuesday, a challenge to President Biden's massive higher-education student loan forgiveness plan looms over millions of American borrowers. The court's decision will directly impact 26 million Americans and has elicited mixed responses. The plan comes with a $400 billion price tag and is seen by some as a regressive measure with ill-targeted funds. Yet, others have argued that striking it down would be an overreach of the Supreme Court's authority.

The program proposes to offer $10,000 in loan relief to borrowers making up to $125,000 a year, as well as a $20,000 break for those who received Pell Grants. Biden's plan is based on the HEROES Act, enacted by Congress, which allows the executive branch to "waive or modify" student loan provisions when needed due to an emergency. Trump previously used that same provision to pause student