Supreme Court to decide loan forgiveness program fate
The Supreme Court agreed to decide whether the Biden administration can broadly cancel student loan debt, keeping the program blocked for now but signaling a final answer by early summer, according to a report from the Associated Press. The high court will take up the case about two months before the newly extended pause on loan repayments is set to expire. The plan promises $10,000 in federal student debt forgiveness to those with incomes of less than $125,000, or households earning less than $250,000. Pell Grant recipients are eligible for an additional $10,000 in relief. More than 26 million people already applied for the relief, with 16 million approved, but the program was paused when a federal judge in Texas struck down the plan.