President Joe Biden's plan to wipe thousands of dollars in student loan debt for millions of Americans will be at stake as the Supreme Court is set to hear arguments on Tuesday.
In August, the White House mapped out a roadmap to eliminate some debt for a swath of middle- and low-income Americans. Potentially, people making under $125,000 annually could have their student loans reduced by $10,000. Those who have received Pell Grant funds could have a total of $20,000 wiped off of their balance.
A national student loan repayment freeze had been enacted after President Donald Trump declared a national emergency at the start of the COVID-19 pandemic in March 2020. The freeze was then extended by Trump and Biden under the Higher Education Relief Opportunities for Students Act several times since.
An estimated 43 million Americans would benefit from the forgiveness plan if the court sides with the Biden administration. At least 26 million debt holders have already applied, with 16 million of them approved.
If the case is decided against the relief plan, borrowers would have 60 days after the decision to begin making payments — many of whom would be paying for the first time in three years. At the latest, payments could resume in August if a decision has not been reached by June 30.
Four candidates will face off tonight in the latest Republican presidential primary debate. Columnist and political analyst Jonathan Harris joined Cheddar News to break down tonight's event.
House Republicans are expected to vote next week to formalize the impeachment inquiry into President Joe Biden.
The Senate in a single stroke has approved about 425 military promotions after Sen. Tommy Tuberville of Alabama ended a monthslong blockade of nominations over a Pentagon abortion policy.
The presidents of three U.S. colleges and universities are testifying before a House Committee on their handling of anti-Semitic incidents after Hamas' attack in Israel in October.
The Supreme Court on Tuesday dismissed a case surrounding a Maine hotel that could have made it harder for people with disabilities to learn in advance whether a hotel's accommodations meet their needs.
Attorneys for former president Donald Trump missed their chance Monday to pause the gag order against their client in his civil fraud trial in New York.
Federal prosecutors opposed Hunter Biden's request to subpoena documents from former President Trump and other members of his administration.
The U.S. may form a naval task force to escort commercial ships through the Red Sea, days after Houthi rebels struck three vessels with missiles.
Treasury Secretary Janet Yellen is heading to Mexico this week to promote her agency's new strike force to help combat illicit fentanyl trafficking as the U.S. and China step up efforts to stop the movement of the powerful opioid and drug-making materials into the United States.
Sen. Bernie Sanders and the Democratic senators involved say they are firm in their stand that Israel's military must adopt substantive measures to lessen civilian deaths in Gaza as part of receiving the supplemental's $14.3 billion in U.S. aid for Israel's war.
