Supreme Court to Decide Fate of Over 40 Million Americans Struggling with Student Loan Debt

The U.S. Supreme Court is set to hear arguments on Tuesday, February 28th, regarding President Joe Biden’s plan to provide targeted relief to student loan borrowers. The case will determine the financial fate of over 40 million Americans, who could be eligible for up to $20,000 in student loan debt forgiveness.

Ellen Weber, a 36-year-old therapist from St. Louis, Missouri, is one of the millions of Americans who could benefit from the proposed relief. Weber currently owes over $100,000 in student loans, and would be eligible for up to $10,000 of loan forgiveness under Biden’s plan.

However, the plan faces an uphill battle in the Supreme Court, as it is unlikely that the court’s conservative supermajority will rule to uphold a sweeping executive-branch action by a Democratic administration that involves the redistribution of money from lenders to debtors. The case will hinge on whether the state of Missouri, driven by Republican officials, will be successful in blocking the plan.

The outcome of the case could have major implications for the millions of Americans who are struggling to pay off their student loan debt. If the court rules in favor of the plan, it could provide much needed relief to borrowers who are struggling to make ends meet. On the other hand, if the court rules against the plan, it could mean that borrowers will be forced to continue to pay their loans, with no end in sight.