The U.S. Justice Department kicked off the new year by filing a brief with the U.S. Supreme Court, defending President Joe Biden's widespread plan to forgive student loan debt for an estimated 40 million borrowers.
Last August, Biden announced his administration would forgive up to $10,000 in federal student loan debt for most borrowers, and up to $20,000 for those who had Pell Grants while in school. Though there was great urgency around the debt relief plan when it was announced, a federal court put it on hold in October after multiple lawsuits were filed.
