Today news
About the same in other media
01.03 - 11:47
Student-Loan Forgiveness Risks Losing a Rationale as Biden Ends Pandemic Emergency
Reading now: 148
The Biden administration’s decision to end the Covid-19 national emergency declaration could undermine a central justification for its student-debt forgiveness plan as the Supreme Court prepares to decide the fate of the program.
Mr. Biden outlined a plan in August to cancel up to $20,000 in federal student loan debt for borrowers making under $125,000 a year. Unable to pass the plan in Congress, the White House relied on expanded executive powers tied to the emergency declaration to enact the plan, and Mr. Biden said his intent was to “address the financial harms of the pandemic.”
Read more on wsj.comAbout this in other media
Biden to Nominate Julie Su as Labor Secretary wsj.com /1 year ago
Supreme Court Signals Skepticism on Biden’s Effort to Forgive Student Debt wsj.com /1 year ago
Student loan borrowers rally as US supreme court hears debt relief cases theguardian.com /1 year ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
![Terra LUNA Classic [LUNC] Price Prediction 2025-2030: LUNC balances recovery and relapse](https://finance-news.co/storage/thumbs_400/img/2023/2/18/56364_joe5q.jpg)
