"Uncertainty Looms Over Biden's Student Loan Forgiveness Plan Amid Veto and Supreme Court Case"

The US Supreme Court is considering whether President Biden has the power to forgive student debt, which is estimated to cost around $400 billion. The Biden administration argues that it is acting within the law, but opponents say the administration is incorrectly using the law. Legal experts predict that student loan forgiveness won't survive the Supreme Court, which could have dire consequences for families. If every eligible borrower applies for the relief, Biden's student loan forgiveness plan is estimated to wipe out $400 billion in federal student debt, according to the Congressional Budget Office.