A second lawsuit is being heard by the Supreme Court as of Monday regarding the student loan forgiveness program created by the Biden Administration.
These cases involve effort on behalf of the Biden administration to get the program back up and running, according to Local Syracuse. If approved, borrowers making under $125,000 per year could see up to $10,000 in debt relief.
Whether the disputes are handled together or separate has not been made clear, and they may be heard as early as February.
This new case was brought on by individual student loan borrowers that argued the program was procedurally improper. This isn’t the only lawsuit saying this and the Biden administration maintains that it can enact this program under the 2003 Higher Education Relief Opportunities for Students Act. Both Trump and Biden used this to pause student loan repayments during the pandemic.
Over the span of 30 years the Congressional Budget Office believes it will be around $400 billion.
FingerLakes1.com is the region’s leading all-digital news publication. The company was founded in 1998 and has been keeping residents informed for more than two decades. Have a lead? Send it to [email protected].