Biden administration could start forgiving student debt as soon as Oct. 23
The Biden administration could start discharging millions of Americans' student debt as soon as this Sunday, Oct. 23. This is possible as some of the legal challenges brought against the sweeping policy by critics fail in courts.
A taxpayers' group in Wisconsin earlier this week requested that the U.S. Supreme Court immediately block Biden's plan to cancel up to $20,000 in federal student debt for borrowers, but the court refused to do so.
Meanwhile, a federal district court in Missouri on Thursday tossed out the lawsuit brought by six Republican-led states, which accused the president of overstepping his power. Judge Henry E. Autrey of the Federal District Court in St. Louis said the states did not have sufficient standing to sue.
The main obstacle for those hoping to foil the president's action has been finding a plaintiff who can prove they've been harmed by the policy, experts say.
https://www.msn.com/en-us/money/markets/biden-administration-could-start-forgiving-student-debt-as-soon-as-oct-23/ar-AA13ez1T