The student debt forgiveness program has been held up by lower court decisions as legal disputes prevent the federal government from giving up to $20,000 of loan relief to millions of borrowers.
The president will speak at the Howard Theatre in Washington on November 10, 2022. The photo was taken by Andrew.
The administration wants the Supreme Court to overturn a ruling from the 8th Circuit Court of Appeals.
The debt relief program was struck down in its entirety by a Texas federal judge who said it was unconstitutional.
The administration said that 26 million borrowers had filled out the form before the Education Department shut down its application.
The student debt relief program has not been ruled on the merits by the Supreme Court.
The White House is said to be considering whether to extend the deadline for repayments while court battles continue. Repayments on federal student loans have been paused.
In August, Biden announced his long-awaited student debt relief program, promising $10,000 in federal loan relief for borrowers who make up to $125,000 a year and $20,000 for those who meet the income requirements. Senate Minority LeaderMitch McConnell (R-Ky.) called the plan "socialism" that will make inflation worse, while Romney claimed it was done to bribe the voters. Conservative groups filed lawsuits accusing the program of being an abuse of presidential power. The education secretary has the power to modify student loans during times of emergency according to Biden.
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