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Transcripts for CNN CNN This Morning 20240604 12:21:00

arguments on the legality of president biden s student loan debt relief program. six republican-led states and two texae the administration does not have the authority to cancel the school loan debt of about 40 million americans. but the biden administration says congress gave the secretary of education expansive authority to alleviate hardship for student borrowers during a national emergency, like the pandemic. on the eve of the arguments, advocates already outside the court for a case that could change the trajectory of their lives. my first student loan bill it was about $350 of a payment. and i hadn t secured a job at that point, and so for me, it felt really unpossible. reporter: she graduated 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

Transcripts for MSNBC Katy Tur Reports 20240604 20:12:00

today i was talking to a number of students who say life is hard for them. sometimes hundreds of thousands of student loan debt going into jobs that aren t allowing them to pay those in a way they feel isn t effective. this gets to the heart of whether you can live the american dream. not just survive, but thrive in this country. it s a frustrating situation for the white house because while president biden isn t going to be blamed for the idea he tried to forgive student loan debt and failed, there s going to be questions about why when democrats had control of the congress and of course the senate and the house and all these different power including the presidency, why didn t they do more? because this is an issue that president biden heard about a number of times before august of 2022 when he decided to create this student loan debt relief program. the president right now is thinking a lot of folks in virginia beach. we re going to keep an eye on him out there and go there when w

Millions of borrowers mistakenly told they were approved for student loan relief

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