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A key court ruling on President Biden's student loan forgiveness and payment plan is expected in two weeks. The Biden administration has already canceled the debts of approximately 4 million people, a move described as life-changing for borrowers. However, around 40 million people still have outstanding student loans. Recently, a federal judge ruled that only South Carolina, Texas, and Alaska had the legal standing to challenge the Biden administration's student loan forgiveness plan, rejecting arguments from eight other Republican states. President Biden has approved $613 million in student loan forgiveness amid these legal developments.
Biden Approves $613 Million In Student Loan Forgiveness Amid 3 Big Legal Developments https://t.co/xEbKwUOX6G
A federal judge ruled that only South Carolina, Texas and Alaska had the legal standing to challenge the Biden administration's student loan forgiveness plan in court, rejecting arguments by eight other Republican states that sought to challenge the plan https://t.co/J9yeerlp9n https://t.co/eE4ldU7CYK
Approximately 4 million people have had their debts canceled by the Biden administration—a radical method of wealth redistribution that borrowers experience as life-changing. But some 40 million people remain locked into student loans: https://t.co/Y6aMjZzcBz
