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.

Share:
More In Politics
State Department Issues First Gender-Neutral Passport
The past decade or so has been a has seen massive change-- usually good-- for the LGBTQ+ community. Same-sex marriage has seen broader acceptance, and there's been increased conversation about the reality of gender identity. Now, folks who don't identify as male or female can travel while staying true to their more authentic self. The Biden administration has issued the first passport with a gender-neutral designation "X." the passport was issued to Dana Zzyym, an intersex activist from Colorado, after a long legal battle with the state department in which Zzyym argued they shouldn't be required to lie about their identity on their passport. Advocates for such changes have applauded the move, saying it will allow people who don't identify as male or female to travel the globe in a more safe and visible way. Paul Castillo, counsel at Lambda Legal and Zzyym's attorney in this case, joins None of the Above to discuss.
Biden Administration Vows To Support Veteran 'Burn Pit' Victims With Better Health Care
The Biden Administration has announced its latest plans to support veterans who had been exposed to toxic chemicals from burn pits. According to several veterans who served in Iraq and Afghanistan, a number of them were exposed to hour-long periods of burn pits. As a result, many of them say they have suffered from severe life-long side effects. Co-founder at Burn Pits 360 Le Roy Torres, joined Cheddar to discuss more.
Starbucks Employees in Buffalo, NY Vote to Unionize
Ballots have been sent to workers at three different Starbucks locations in Buffalo, NY to decide whether they will unionize for the first time ever. Wilma Liebman, former Chair of the National Labor Relations Board and Michelle Eisen from the Starbucks Workers United Organization, which is behind this vote, joined Cheddar to discuss.
VF Corp Commits to Achieving Zero Waste by Year-End
The parent company of North Face, Vans and Supreme, VF Corp, released its fourth annual "Made for Change" sustainability and responsibility report. It details the company's ongoing efforts to tackle social and climate related issues. This comes as climate experts continue to warn about the dangers of fast fashion and its impact on global CO2 emissions. Sean Cady, Vice President of Global Sustainability, Responsibility and Trade at VF Corporation, joins Cheddar News to discuss.
Meta to Block Ad-Targeting Based on Race, Religion
Meta, the parent company of Facebook, turned heads on Tuesday when it announced it will block some ad-targeting, specifically those of a political and religious nature. This is one of the most direct moves the company has made in order to minimize ad-targeting by advertisers on its platforms. Hastie Afkhami, Head of Digital at S-3 Group, joins Cheddar News to discuss the impact of this move.
Load More