The Supreme Court is taking up a partisan legal fight over President Joe Biden’s plan to wipe away or reduce student loans held by millions of Americans.
The high court, with its 6-3 conservative majority, is hearing arguments Tuesday in two challenges to the plan, which has so far been blocked by Republican-appointed judges on lower courts.
Arguments are scheduled to last two hours, but likely will go much longer. The public can listen in on the court’s website.
Twenty-six million people have applied and 16 million have been approved to have up to $20,000 in federal student loans forgiven, the Biden administration says. The program is estimated to cost $400 billion over 30 years.
“I’m confident the legal authority to carry that plan is there,” Biden said Monday, at an event to mark Black History Month. Read more…