
Challenge to Biden's student debt plan hits Supreme Court tomorrow. On Tuesday, the Supreme Court will hear two lawsuits challenging President Joe Biden's plan to erase a huge chunk of student loan debt.
Biden's debt forgiveness plan, announced last August, applies to anyone with an income under $125,000 and allows for the cancellation of up to $10,000 in student loan debt for all borrowers and up to $20,000 for those with Pell Grants. Biden justified this giant flex of executive power by citing COVID-19.