One challenge was brought by a coalition of Republican-led midwestern states arguing that the program would cause a state-affiliated loan servicer to lose money. And the other was brought by two borrowers who contend that they were harmed by being excluded from participating in a public comment period about the program’s details and requirements.
A central question in both cases is whether the parties challenging Biden’s plan have standing to sue. To demonstrate that they have standing, the challengers must show that they would incur a concrete injury directly stemming from the program. Several justices on the Court expressed skepticism that the challengers have standing during a hearing in February.
The Supreme Court has a backlog of decisions that must be released before the end of its term. Today had been the last official opinion release day on the Court’s calendar, but no ruling on Biden’s student loan forgiveness plan was issued.at 10 am Eastern Time. So the ruling on Biden’s student debt relief plan could be released then. However, with at least a dozen other cases still outstanding, the Court will almost certainly add additional opinion release dates to its calendar.
This week, a legislative repeal effort brought by Republicans in Congress has officially ended. Biden had excluded student loan forgiveness repeal from the
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »