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Will there be a legal challenge to the Public Service Loan Forgiveness program by the end of 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Court rulings and legal documents
Story
Biden Administration Cancels $1.2 Billion in Student Debt for 35,000 Public Service Workers, $35,000 Each
Jul 18, 2024, 11:45 AM
The Biden administration has announced the cancellation of $1.2 billion in student debt for 35,000 more people who work in public service. This relief is part of the Public Service Loan Forgiveness program and includes a range of professions such as teachers, firefighters, and nurses. President Joe Biden stated that this action, announced on Thursday, brings the total debt relief approved by his administration to nearly $169 billion, benefiting approximately 4.8 million Americans. Each beneficiary will get $35,000 in debt canceled. This latest move is seen as a continuation of Biden's efforts to fulfill his 2020 campaign promises on student debt relief.
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Yes • 50%
No • 50%
Yes • 50%
No • 50%
Plan upheld by Supreme Court • 25%
Plan struck down by Supreme Court • 25%
Plan modified and upheld • 25%
Plan remains blocked • 25%
Program upheld • 33%
Program struck down • 33%
No ruling • 33%
Violation of separation of powers • 25%
Unfair distribution of taxpayer money • 25%
Bypassing congressional approval • 25%
Other • 25%
Increased Forgiveness • 25%
No Change • 25%
Decreased Forgiveness • 25%
Program Terminated • 25%
Upheld by the Eighth Circuit Court • 25%
Overturned by the Eighth Circuit Court • 25%
Upheld by the Supreme Court • 25%
Overturned by the Supreme Court • 25%
