SCOTUS To Decide on , Student Loan , Forgiveness Program.<br />SCOTUS To Decide on , Student Loan , Forgiveness Program.<br />The U.S. Supreme Court will hear arguments in consideration of the fate of President Joe <br />Biden's program on Feb. 28. .<br />Two cases are to be argued before the Court.<br />One case was initiated by six different states, which seek to challenge Biden's plan as unlawful.<br />The other case was brought by two individuals, who both hold student loan debt.<br />The program to forgive student loans for borrowers was announced by the Biden administration in Aug. 2022.<br />It would provide tens of millions of borrowers with debt relief up to $20,000.<br />All single borrowers with an annual salary under $125,000 would receive $10,000 in relief.<br />Joint tax filers with an annual salary under $250,000 would receive the same benefit.<br />Those who received Pell Grants would receive an additional $10,000 in debt relief.<br />Pell Grants are available to low-income students.<br />The plan received immediate backlash from Conservative members of Congress.<br />The six to three conservative majority of the Supreme Court has also expressed skepticism of the plan.<br />According to a nonpartisan estimate, the student debt relief plan could cost up to $400 billion
