Biden's plan to forgive student debt for over 800,000 borrowers upheld by judge. More than 614,000 of them will have all of their remaining federal student loan debt canceled, per Axios.
The decision marks a win for student loan borrowers and for President Biden, who promised to continue pursuing debt relief after the Supreme Court's decision last month to strike down his administration's loan forgiveness plan.
They argued the federal government doesn't have the legal authority to forgive the debt. "The district court did not rule on the merits of the case and instead said Cato and Mackinac were not the right parties to bring it," said Sheng Li, a lawyer with the New Civil Liberties Alliance, in an email. "We disagree with the court's conclusion regarding legal standing and are reviewing legal options with our clients."
ecause of errors and administrative failures of the student loan system that started long before I took office, over 804,000 borrowers never got the credit they earned, and never saw the forgiveness they were promised - even after making payments for decades," Biden said in a statement Monday. "I was determined to right this wrong."
Biden's plan to forgive student debt for over 800,000 borrowers upheld by judge.
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