Supreme Court argues Biden student loan plan worth billions

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Supreme Court argues Biden student loan plan worth billions
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The Supreme Court is taking up a partisan legal fight over President Joe Biden’s plan to wipe away or reduce student loans held by millions of Americans

Early in arguments, several conservative justices grilled the Biden administration's top Supreme Court lawyer, Elizabeth Prelogar, and suggested that the administration had exceeded its authority with the program.

The Biden administration says that 26 million people have applied to have up to $20,000 in federal student loans forgiven under the plan. Without it, loan defaults would dramatically increase when the pause on loan payments ends no later than this summer, the administration says. Payments were halted in 2020 as part of the response to the coronavirus pandemic.

Dozens of borrowers came from across the country to camp out near the court on a soggy Monday evening in hopes of getting a seat for the arguments. Among them was Sinyetta Hill, who said that Biden's plan would erase all but about $500 of the $20,000 or so she has in student loans.

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