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Student loan borrowers and advocates rallied outside the U.S. Supreme Court building on Tuesday, as the the Chief Justices, with a 6-3 conservative majority, heard arguments in two challenges to President Biden’s plan to completely forgive or reduce the debts of millions of former college students.
Student loan repayments have been on hold since early in the pandemic and are set to resume by summer at the latest.
Chief Justice John Roberts led the review of the Biden administration’s authority to cancel student debt due to the national emergency of COVID-19.
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The Biden administration’s top Supreme Court lawyer argued that the economic effects of the pandemic will go beyond the end of the emergency, and that “delinquencies and defaults will surge” if Biden’s loan forgiveness plan does not go through.
Chief Justice Roberts said Tuesday that the program would cost a half-trillion dollars, and pointed to its wide impact and massive expense as reasons the Biden administration should have first gotten explicit approval from Congress.
Republican-led states and lawmakers are against the plan and say it is a violation of Biden’s executive authority.The Supreme Court is looking at whether the Republican states and two individuals even have the right to sue, in addition to the Biden administration’s authority to forgive student debt.
A decision is expected in June.The Biden administration says that 26 million people have already applied for up to $20,000 in federal student loans forgiveness.
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Copyright © 2023 CGTN. 京ICP备16065310号
Disinformation report hotline: 010-85061466