LISTEN LIVE: The Supreme Court is hearing arguments today in a pair of cases involving President Biden's plan to cancel up to $20,000 in student loan debt for millions of Americans.
involving President Biden's plan to cancel up to $20,000 in student loan debt for millions of Americans, as a constitutional and political showdown over the future of the program arrives before the justices.
Under the plan, eligible borrowers earning less than $125,000 can receive up to $10,000 in student debt relief, and qualifying Pell Grant recipients, who are students with the greatest financial need, can have up to an additional $10,000 forgiven. In the case brought by the six states, a federal district court in St. Louis dismissed the case for lack of standing. But a federal appeals court, finding that"Missouri is harmed from the financial losses that the cancellation inflicts."
Brown does not qualify for debt relief, as her loans are held by commercial entities, and Taylor is eligible for $10,000 in loan forgiveness.
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