Wisconsin organization promoting taxpayers' rights asks Supreme Court to halt implementation of President Biden's student loan forgiveness program, just two days after the administration began accepting online applications for debt relief from borrowers.
that he would cancel up to $10,000 for many borrowers who earned less than $125,000 in the 2020 or 2021 tax years. Pell Grant recipients are eligible for up to $20,000 in relief.
The application period extends through Dec. 31, 2023. Borrowers who would like their balances adjusted before loan payments restart in January of next year are being asked by the White House to submit their applications before Nov. 15. Asked Monday whether he was worried litigation could interfere with his plan, Biden said,"Our legal judgment is that it won’t, but they are trying to stop it."
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