The Supreme Court said on Dec. 1 that it will hear arguments as soon as February on President Biden’s student loan forgiveness program.
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The Biden Administration had appealed to the Supreme Court after a U.S. Court of Appeals in St. Louis halted the program on Nov. 14, siding with six states that had sued the government over the proposal. In accepting the case, the Supreme Court did not lift the stay on the plan, so it remains paused pending the hearing.
Under the plan, borrowers earning less than $125,000 (or $250,000 if married) could receive up to $10,000 in debt relief. Pell Grant recipients could receive up to $20,000.
The federal loan payment moratorium has been extended through June 30, 2023 — a move the Biden administration made Nov. 22 in reaction to the appeals court ruling.