Student Debt
Student loan forbearance is ending now, but you may qualify for the president's new plan that could reduce your payments — and maybe even forgive your loans.
Career Colleges and Schools of Texas, an association of for-profit higher learning institutions, filed a lawsuit against the rule in February.
The president vowed to keep pushing to reduce student debt after the Supreme Court blocked his forgiveness plan.
The proposed measure is going through a fast-track process requiring a simple majority to pass.
WHAT'S HAPPENING
WHAT'S HAPPENING
Questions about the fairness of Biden’s plan underscore the big problems with conservatives’ new favorite doctrine.
“I’m confident we’re on the right side of the law,” the president said. “I’m not confident about the outcome of the decision yet.”
If two Republican-appointed justices find that the plaintiffs have no standing to sue, student loan relief for 40 million Americans might yet survive.
A technical debate may decide whether more than 40 million Americans receive up to $20,000 in student-loan debt relief.
The Department of Education apologized for the mistake and blamed a “vendor error."
The Department of Justice filed a request on behalf of the Biden administration on Friday asking the Supreme Court to lift the hold on the plan while the legal proceedings play out.