The Supreme Court weighs if Biden’s plan of canceling $400 billion in student debt should be allowed.
Biden Administration Plans to Cancel Student Debt
CNBC reported that the relief program was initially implemented under the emergency declaration to cater to the needs of people affected by the pandemic and other health crises that hit the nation.
However, Biden’s plan to continue the student loan forgiveness plan garnered different opinions. Some experts claimed that the president and his administration only used the pandemic and other emergencies as excuses to implement his proposal.
Experts Predict the Supreme Court’s Decision
Following the current discourse about Biden’s plan, some experts revealed their predictions of the Supreme Court’s decision regarding the cancellation of student debt.
A professor from the University of Illinois Chicago and other professors predicted that the Supreme Court would rule against Biden’s plan with 6-3 votes despite its benefits.