White House Takes Action on Student Debt Relief

The White House moved forward with student debt relief, approving 16 million cases ahead of the Supreme Court ruling.

The Biden administration has taken decisive action on the issue of student loan debt, giving the green light to over 16 million American cases. The approval of these cases comes ahead of a crucial Supreme Court hearing, which will determine the future of the program.

16 Million Americans Approved for Student Loan Relief

The White House revealed 16 million Americans were approved for student loan relief before the Supreme Court decision.

A press statement from the White House declared that of the 26 million eligible for student debt relief last September, 16 million had had their applications fully approved and sent to loan servicers.

The Biden administration provided a detailed breakdown of the student loan debt relief program ahead of the Supreme Court ruling.

The White House has released a state-by-state breakdown of the number of individuals who have applied and been approved for its ambitious student loan debt relief program.

This information sheds light on the extent of the problem of student loan debt in the country and the impact the program could have if allowed to proceed.

However, the future of the program remains uncertain as it is currently on hold until the Supreme Court decides its legality.

The Supreme Court’s ruling on the program, expected to be handed down in the coming months, will determine whether or not millions of Americans will receive the much-needed relief they were promised.

It was back in August 2022 when Biden unveiled a groundbreaking student loan debt relief program that aimed to offer at least $10,000 and up to $20,000 in loan forgiveness to millions of federal student loan borrowers.

This move was seen as a ray of hope for millions of Americans struggling with student loan debt.

The Plan Faced Opposition and Biden Administration Had to Shut it Down

However, the plan faced opposition from Republicans and conservative groups who filed at least six legal challenges, putting the program’s future in doubt.

In November 2022, a federal judge in Texas invalidated the plan, forcing the Biden administration to shut down its student loan forgiveness portal.

Despite the legal roadblocks, over 26 million individuals had applied for the relief program or were deemed eligible, according to the Biden administration.

The White House issued a statement saying, “these borrowers could have already received the benefits of the Biden administration’s program if not for the lawsuits brought by elected ¬†GOP officials and special interests.”

The fate of the student loan debt relief program rests on the outcome of the Supreme Court hearing set for Tuesday, February 28, 2023.

The hearing will determine whether or not millions of Americans will receive the much-needed debt relief they were promised.