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.
More Covid-era benefits are ending.
The Supreme Court justices are taking the bench for the first time since June in a new session.
President Joe Biden signed a spending bill late Saturday night after a last-ditch bipartisan deal to avoid a government shutdown.
California Gov. Gavin Newsom appointed Laphonza Butler, president of EMILY's List, to succeed Sen. Dianne Feinstein, who passed away last week.
Former President Donald Trump denounced the civil fraud case over his business practices as a politically motivated “scam” as he arrived defiantly for a trial in the lawsuit, which could cost him control of Trump Tower and other prized properties.
Memorial services for California Sen. Dianne Feinstein are now set.
Stocks fell to open the new week and a new month despite a bipartisan deal at the 11th hour to avoid a government shutdown.
McCarthy passed a temporary spending bill with Democratic support, enraging Gaetz and other far-right members whose demands for spending cuts were a nonstarter with the Senate and President Joe Biden.
California Gov. Gavin Newsom fulfilled his pledge to appoint a Black woman if Dianne Feinstein’s seat became open. The long-serving Democratic senator died Thursday after a series of illnesses.
Police seized computers and cellphones during searches of the Marion County Record's office and the home of its publisher in August.
