The Biden administration’s plan to forgive student loans faced a skeptical Supreme Court on Tuesday, with conservative justices at times incredulous that a federal law could be read to wipe $430 billion from the Treasury’s books
Biden’s student debt forgiveness plan isn’t the only change coming for student loan borrowers. His plan also fundamentally changes how loans will be repaid, turning many into, essentially, free college grants. WSJ explains.
The administration apparently believes, said Justice Samuel Alito, that when it comes to handing out benefits, “a trillion dollars here, a trillion dollars there, doesn’t really make much difference to Congress,” adding that hardly seemed “very sensible.”
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