Biden Forgives Student Loan Debt

Adam Schultz, Public domain, via Wikimedia Commons

( The Biden administration according to a presidential announcement has approved over 16 million people who can receive student loan forgiveness under their plan.

According to the U.S. Department of Education, around 60 percent of the 26 million who applied for student loan forgiveness have now had their services informed that their loans needed to be discharged. However, despite this statement, forgiveness is not yet a given, as the Department of Education is preparing to face a number of lawsuits pertaining to Student loan forgiveness. Six states and two individuals have so far called the program unlawful and the Supreme Court is set to hear arguments on the plan on Feb. 28.

The program has been on hold since October when it was decided by the Court of Appeals for the 8th Circuit that an emergency order and temporary block on Biden’s student loan forgiveness plan was necessary. In a completely separate ruling, there was also a judge who determined that the Department of Education should not be allowed to accept any further applications for the student loan forgiveness program.

Following that ruling, the official application page online featured a message noting that the application process had been blocked by a court, which is why no further applications could be accepted.

The loan forgiveness program only applies to federal loans, those with private student loans are not eligible to have their loans forgiven under this program. The page also read that the administration was working to overturn the decisions and orders given by the Court.

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