A student attends the proclamation ceremony for the graduation of the VUB and ULB universities, at the Grote Markt, in Brussels, on October 10, 2022. - Belgium OUT (Photo by BENOIT DOPPAGNE / Belga / AFP) / Belgium OUT (Photo by BENOIT DOPPAGNE/Belga WASHINGTON (AP) — - The Supreme Court is about to hear arguments over President Joe Biden’s student debt relief plan, which impacts millions of borrowers who could see their loans wiped away or reduced.So far, Republican-appointed judges have kept the Democratic president’s plan from going into effect, and it remains to be seen how the court, dominated 6-3 by conservatives, will respond.
The justices have scheduled two hours of arguments in the case Tuesday, though it will probably go longer. The public can listen in on the court’s website beginning at 10 a.m.
EST.Where things stand ahead of the hearing as well as what to expect:The debt forgiveness plan announced in August would cancel $10,000 in federal student loan debt for those making less than $125,000 or households with less than $250,000 in income per year.
Pell Grant recipients, who typically demonstrate more financial need, would get an additional $10,000 in debt forgiven.College students qualify if their loans were disbursed before July 1.