the crime. that is what we are watching this hour. hello, everyone, thank you for being here, i m kate bolduan. right now the supreme court is hearing the arguments for two cases that are at the heart of americans. at the heart of it is the biden administration student loan forgiveness program. the argument is that the president overstepped his authority here when he said he would give up to $20 million in student debt. that is a lot of money for a lot of people and hanging in legal limbo today. signs of how much interest there is in the court decision, take a look at the crowds out in front of the court this morning. jessica snyder is also live outside of the supreme court as this is playing out. she is joining us now. jessica, you are listening to the first hour-ish of oral arguments. what are you hearing? the justices are zeroing in on the price tag of the program, and whether the president way of the extensive program. these are the numbers. 40 million students are
is $10,000, but if you are a pell grant recipient, it is going to be $20,000 and they really want to help the low income earners who are held back of the debt income, because it is holding them back from the middle income. this is important to get people back into the med middle-class and can t get there because of the payments. if the supreme court says no and the debt forgiveness goes away, the payments will presume unless they decide to put another pause in there, and there have been eight pauses so far, and if you have debt, and those payments will start to accrue with interest. so it is time to start budgeting. i love the cnn headlines on this is how student loan debt became a trillion dollar problems for americans, and it is shining a problem on student
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