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Supreme Court to decide fate of Biden student loan forgiveness (www.reuters.com)
submitted 3 years ago by to c/politics@kbin.social
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The U.S Supreme Court on Friday was set to rule on the legality of President Joe Biden's plan to cancel $430 billion in student loan debt - a move intended to benefit up to 43 million Americans and fulfill a campaign promise.

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[–] [S] 20 points 3 years ago (6 children)

Today is the day we should hear definitively; one way or another. It will either help out 43 million Americans, or it will set a new precedent that anyone can sue regardless of being harmed. Should be an interesting day.

https://teddit.net/r/StudentLoans/comments/14mr6bn/litigation_status_bidenharris_debt_relief_plan/

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  • [–] 11 points 3 years ago (1 child)

    This point is being grossly overlooked. If the Supreme Court sides with the plaintiffs it will set a very irresponsible precedent and will open Pandora’s box of lawsuits

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  • [–] 5 points 3 years ago

    As a non american last I heard about this some business owners are suing because they didn't take out any students loans and thus wouldn't be eligible for the forgiveness right?

    Does that mean if the SCOTUS sides against the forgiveness then others would be able to sue to get the forgiven business loans to be paid back?

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