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Will The U.S. Supreme Court Strike Down Biden's Student Debt Plan?

CNBC, 19 May 2023
Student loan debt has ballooned to over $1.6 trillion with more than 45 million borrowers. A third of borrowers never attain a degree and the weight of this debt can be crushing to Americans. President Joe Biden fulfilled his campaign promise by forgiving a portion of student loans for borrowers. After launching the application, courts blocked the continuation of the plan due to opposing cases from republicans, states and individuals. The Supreme Court heard the case and now borrowers are awaiting the decision.

Chapters:
0:00 Introduction
1:09 Ch. 1: The challenge to Biden’s plan
3:14 Ch. 2: The Supreme Court case
4:44 Ch. 3: What if SCOTUS blocks Biden’s plan?
6:37 Ch. 4: What’s next?

Produced by: DeLon Thornton
Edited by: Dennis Donovan
Graphics by: Jason Reginato
Reporting by: Annie Nova
Supervising Producer: Jeff Morganteen
Additional Footage: Getty Images

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Will The U.S. Supreme Court Strike Down Biden's Student Debt Plan?
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