Good morning. Welcome, Axios today. It's Tuesday, February 28th. I'm Nyla Boudou. Here's

what we're covering today. The race to save fading black history. But first, the fight

over student debt forgiveness at the Supreme Court. That's today's one big thing.

The Supreme Court is hearing oral arguments today about President Biden's student loan

forgiveness plan. Barrowers have been in limbo since last summer. And if Biden's plan

is successful, more than 40 million people could have up to $20,000 of their federal student

loan debt canceled. Here to share what we need to know about these arguments is the Washington

Post Danielle Douglas Gabriel. Hi Danielle. Welcome back to Axios today. Thanks for having

me. So Danielle, the Supreme Court's actually hearing two cases on this today. Can you give

us a preview of these lawsuits challenging student loan forgiveness?

Sure. So one of the cases is called Biden versus Nebraska. And that involves six Republican

led states that are saying that not only did the president overstep his authority with

this student loan program, but also the program threatens revenue that their state entities

could receive if the student loan forgiveness goes into effect. For instance, Missouri, which

has a quasi state entity known as Mojila. This is a company that services student loans

for the federal government. The idea from Missouri is that if student loans are forgiven,

that's less money for Mojila to make, which affects also the state. So it all would hurt

Missouri. Then the other lawsuit that's at play here is the Department of Education versus

Brown. Now this involves two borrowers who say that they are not going to fully benefit

from the program. One of the borrowers is eligible for $10,000 worth of student loan forgiveness,

but not the full 20 because he never received a Pell grant. This is a form of financial aid

for low income students. And he was not eligible. The other borrowers involved in the case

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