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 the ones that would be eligible for some forgiveness under biden s plan. so far 16 million borrowers had been approved for that relief. when the legal challenges put the plan on hold, officials estimate the program could cost some $400 billion. education secretary miguel cardona speaking with cnn this morning talked about why the administration is so focused on this and why the administration believ
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 who have applied for the program, and 10 million of them have already been approved. but after they appliedyied and approved, lower courts knocked it down. so if this is not approved, then they will not have been approved. but if it is approves the program, then those students will be eligible for that debt relief 60 days from when the decision comes by. but the biden administration says they have th
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 like they ve been pretty skeptical of the biden administration s argument so far. tell us about what s been happening. that s exactly right, abby. the conservative members of this court are really giving considerable pushback on the idea that president biden and his administration can even put into place this sweeping debt relief. they re really zeroing in on the price tag of this program, more th
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 been assaulted. she defended herself. so why did others call it murder? my very first words were, she set him up. cara s account kept changing. it hit me just how different all of these stories were and how unbelievable they were. lies. it s all lies. what really made cara pull that trigger? the rug was pulled out from underneath her. she was shocked. and she was angry? yes. a jury would
i was thinking of my aloe vera habits after that. me too. coming up for us, just weeks after is the supreme court rejected the student forgiveness program, the white house announces a plan b. we ll tell y you what it is, wh we come baback. book an exam today at americasbsbest.com. [gum stretches] dang it. [tires pop] dang it. that s some bad luck brian. and i think i m late on my car insurance. good thing the general gives you a break when you need it. yeah, with flexible payment options to keeyou covered. so today is your lucky. oh! [crash] .day. meteor! [screams] dangit. for a great low rate, go with the general.