Today, the Supreme Court of the United States heard oral arguments for President Joe Biden’s student loan forgiveness plan. The case, which was brought by Massachusetts Senator Elizabeth Warren, is seeking to uphold the student-debt relief program.
The Biden administration has proposed forgiving up to $10,000 in student debt for millions of Americans. The plan has been met with strong opposition from Republicans and some Democrats, who argue that the President does not have the authority to forgive student debt.
Senator Warren argued to the court that the law should be followed and student debt should be relieved. She argued that the plan would help millions of Americans who are struggling to make ends meet, and that the government should not be profiting off of student debt.
The Supreme Court’s decision could have a major impact on the future of student loan forgiveness. If the court rules in favor of the Biden administration, it could open the door for more student loan forgiveness plans in the future. However, if the court rules against the Biden administration, it could set a precedent limiting the President’s power to forgive student debt.
The decision from the Supreme Court could have a major impact on the future of student loan debt, and will be closely watched by all sides.