Biden’s Student Debt Plan Hangs in the Balance

“For months, the Biden administration’s ambitious plan to discharge billions of dollars of student loan debt has been on ice, blocked by lower courts, its fate left in the hands of skeptical conservative justices on the Supreme Court,” NBC News reports.

“Decision day is fast approaching.”

“The stakes are high, with 43 million people eligible for up to $20,000 in debt relief. The total cost if the program ever goes into effect has been calculated at more than $400 billion, with the administration estimating that 20 million people would have all of their remaining student loan debt canceled.”