Skip to main content
Tags: student loan debt relief | supreme court

Biden to Ask Supreme Court to Restore Student Debt Plan

Biden to Ask Supreme Court to Restore Student Debt Plan
United States Supreme Court (Dreamstime)

Thursday, 17 November 2022 05:18 PM EST

The Biden administration plans to ask the Supreme Court to reinstate the president's student debt cancellation plan, according to a Thursday legal filing, warning that millions of Americans will face financial strain if the plan remains stalled in court when loan payments are scheduled to restart in January.

The Justice Department is fighting to keep Biden's plan alive after it was halted by two federal courts in recent weeks. On Thursday it asked a federal appeals court in New Orleans to suspend a decision striking down Biden's plan, and in the same filing it announced plans to ask the Supreme Court to overturn a St. Louis appeals court that halted the plan.

Biden’s 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, who typically demonstrate more financial need, are eligible for an additional $10,000 in relief.

© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


StreetTalk
The Biden administration plans to ask the Supreme Court to reinstate the president's student debt cancellation plan, according to a Thursday legal filing.
student loan debt relief, supreme court
152
2022-18-17
Thursday, 17 November 2022 05:18 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Interest-Based Advertising | Do not sell or share my personal information

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the NewsmaxTV App
Get the NewsmaxTV App for iOS Get the NewsmaxTV App for Android Scan QR code to get the NewsmaxTV App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved