Well, howdy there internet people, let's bow again. So today we are going to talk about

President Biden and two news items, two different news items that fall under the heading of Student Debt Relief News. The first, we'll just go through real quick.

The second is where the real news is.

Okay, so the first thing is another small batch has gone through.

This is 7.7 billion dollars worth for roughly 160,000 people.

This particular program is focused on IDR plans, income-driven

repayment plans. That's who's going to benefit from this. You know, since the first big attempt

didn't go well, the administration has been doing small batches. The

total is now up to a hundred and sixty seven billion impacting four point

seven five million people.

Okay, now on to the big news.

The first big plan did not work.

The second big plan was announced. It has made it through the public comment phase.

So now they have to review the comments and move on from there. This is another attempt at a very large

plan. Now the issue is that it will almost certainly be challenged.

Republican lawmakers and attorneys general have gone out of their way to go ahead and voice their

opposition to it. So this will probably also go to the Supreme Court.

Now go to the Supreme Court. Now, this is using a different law.

So it's not a duplicate case.

Basically, what the Biden administration did was they sent up the first

batch, that first program when it got shot down, they tailored the second attempt to stay within what the court said using a

different law. So they have a better chance but with this Supreme Court, you don't really know.

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