Student Forgiveness Program News Today : Breaking News, Live Updates & Top Stories | Vimarsana

program, a ruling that will impact millions of people, one of the court's most influential cases this term with implications beyond the student loan issue. the plaintiffs which include six republican-led states, two borrowers who do not qualify for this program, are challenging the legality of the plan which would cancel up to $20,000 in debt for some borrowers. >> so just to give you an idea of the scope here, outstanding student loan debt in this country is more than $1.7 trillion. the vast majority of that, we're talking more than 90%, is from federal student loans and those are t...

trillion is where it stands now. >> and students who do not qualify for the specific program say it is not legal. so far, 26 million have applied for relief and 16 million approved. when the legal challenges put it on hold. and so, we will break it down and speak to a student who says that there is a clear racials a speblgt -- racial aspect to this as well. we go to jessica outside of the courtroom, and this is a real life impact for millions of borrowers and their families. tell us about this? >> yes, jim. there are practical ramifications. practical, there are 26 million borrowers ...

hello. i'm abby phillip in washington. and happening right now, supreme court hearings underway that could effect millions of people who owe money on their student loans. justices are hearing arguments in two cases, challenging president biden's plan to wipe away more than $400 billion in student debt. six republican-led states and two individuals are challenging its legality. let's bring in cnn's jessica schneider and renee marsh. both are at the supreme court right now. jessica, i want to start with you first. it's no surprise, this is a conservative court. and so far, it sounds li...

the scariest thing that you will ever go through. my whole world crumbled. >> cara was the kind of teacher students just love. >> she was a rock star at her school. >> with the same man for 20 years, enjoying life together by the beach. >> the balcony was like our second living room, you can hear the waves on the shore. >> but she was all alone that night when, according to her, an intruder burst into her bedroom. >> i was scared to death. i didn't have any other choice. >> you shot him? >> i shot him. >> she said the man attacked her. >> he told me he was going to kill me. >> she'd ...

I hadn't secured a job at that point and so for me it felt really impossible. >> reporter: graduating from college in 2019, she has nearly $30,000 in student loan debt. when the pandemic hit repayments were paused. she could now contribute to household costs for the home she shares with her parents. when the biden administration extended the pause this past august, multiple lawsuits followed. the program was halted and is now before the supreme court, leaving her in limbo. >> my family would be eligible for up to $50,000 of student loan cancellation. so as a whole family, that's huge. >> repor...