![]() It won't be the day of the ruling, but it will happen quickly." "All that's left to do is notify loan servicers - and implementation normally takes one to two weeks. "They've already approved 16 million of the 26 million applications they've received," Kantrowitz told CNET. ![]() The door would be open for other challenges, but student loan expert Mark Kantrowitz said, it would be hard to reverse course and reinstate borrowers' loan debts after the Department of Education began processing applications. The plaintiffs argue the Biden administration failed to allow for the traditional "notice and comment" period when it rolled out its debt-forgiveness plan. 10, 2022, the Job Creators Network Foundation filed a separate lawsuit in Texas on behalf of two student loan borrowers, Myra Brown and Alexander Taylor. 29, 2022, Republican attorneys general in six states - Arkansas, Iowa, Kansas, Missouri, Nebraska and South Carolina - filed a challenge that argued the forgiveness program could harm state tax revenues and diminish investments tied to student loans.ĭepartment of Education v. Two lawsuits have made their way to the nation's top court, both of which argue Education Secretary Miguel Cardona overstepped his authority in approving the debt erasure.īiden v. John Boehner, John Kline and Buck McKeon - former House members who helped draft the HEROES Act - insist "Congress never intended anything like the loan cancellation effort underway here," according to an amicus brief they filed with the Supreme Court. The Biden administration argues that its debt forgiveness plan falls under the 2003 Higher Education Relief Opportunities for Students Act, which grants the Department of Education the power to waive student loan repayments for those impacted by "a war or other military operation or national emergency."īut Republicans disagree. What are the cases the Supreme Court is ruling on? You can also get real-time updates on SCOTUSBlog. ![]() Opinions are posted as they're released on the Supreme Court website, beginning at 10 a.m. On Thursday morning, Chief Justice John Roberts confirmed that Friday, June 30, would be the final day of the term, so that's when a ruling is likely to be announced. ![]()
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