President Joe Biden's plan to wipe thousands of dollars in student loan debt for millions of Americans will be at stake as the Supreme Court is set to hear arguments on Tuesday.
In August, the White House mapped out a roadmap to eliminate some debt for a swath of middle- and low-income Americans. Potentially, people making under $125,000 annually could have their student loans reduced by $10,000. Those who have received Pell Grant funds could have a total of $20,000 wiped off of their balance.
A national student loan repayment freeze had been enacted after President Donald Trump declared a national emergency at the start of the COVID-19 pandemic in March 2020. The freeze was then extended by Trump and Biden under the Higher Education Relief Opportunities for Students Act several times since.
An estimated 43 million Americans would benefit from the forgiveness plan if the court sides with the Biden administration. At least 26 million debt holders have already applied, with 16 million of them approved.
If the case is decided against the relief plan, borrowers would have 60 days after the decision to begin making payments — many of whom would be paying for the first time in three years. At the latest, payments could resume in August if a decision has not been reached by June 30.
The Supreme Court says it will take up a Republican-led challenge to the Consumer Financial Protection Bureau, a case that could threaten how the consumer watchdog agency functions.
U.S. first lady Jill Biden says there's “pretty much” nothing left to do but choose the time and place for President Joe Biden's reelection announcement.
Transgender youth in Tennessee would be banned from receiving gender-affirming care under legislation currently headed to Republican Gov. Bill Lee’s desk.
The U.S. Environmental Protection Agency ordered Norfolk Southern on Tuesday to pay for the cleanup of the East Palestine, Ohio train wreck and chemical release.
Carter, at age 98 the longest-lived American president, had a recent series of short hospital stays, but has now “decided to spend his remaining time at home with his family," said The Carter Center in a statement.
