More than 25 million borrowers have already applied for the debt forgiveness, which is being stalled by two lawsuits that will come before the Court on Tuesday.
The U.S. Supreme Court is pictured on January 20 in Washington, D.C. Inset: President Joe Biden speaks at the White House on February 16 in Washington, D.C. Biden's student loan forgiveness program will go before the Supreme Court this week, deciding the fate of tens of millions of borrowers who could see up to $10,000 in debt canceled if the justices rule in the president's favor.
Qualifying borrowers who received Pell Grants during their undergraduate careers could be eligible for up to $20,000 in debt cancellation. Nearly every recipient comes from a family that makes less than $60,000 a year and more than 65 percent come from families with incomes of $30,000 or less.
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