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Student loan debt is no laughing matter, but let's face it, the situation is pretty ridiculous. Millions of Americans are struggling to make their monthly payments, and now the Supreme Court has thrown a wrench into Biden's plan to forgive some of that debt. It's like a game of musical chairs, but instead of chairs, it's student loan payments, and there are never enough to go around.

In order to fulfill a campaign promise and provide financial relief to millions of Americans, President Joe Biden declared last year that he would forgive $10,000 in federal student loan debt for the majority of borrowers and waive up to $20,000 in fees for Pell Grant recipients. According to the president, "Both of these targeted actions are for families who need it the most."

After multiple revisions to an executive order that has been criticized for months, President Joe Biden's college loan forgiveness plan was harshly criticized by Sen. Tommy Tuberville, (R - Ala).

Student Loan Debt ReliefPhoto byPhoto courtesy of CNN. I recently received an email from the Department of Education providing me with an update for my approved student loan debt relief.

Millions of student loan borrowers are wondering why forgiving their student debt was ruled illegal after PPP loans were forgiven?. For some, the answer is Congressional approval.

After President Biden announced up to $20,000 in student loan forgiveness back in August, a federal judge in Texas ruled the program was unconstitutional on November 10. The U.S. District Judge is Mark T. Pittman.

The average cost of student loan debt for a degree ranges from $60,000 to $100,000 for many students around the country who embarked on a standard degree to pursue their career choices. However, for those who seek to obtain credentials in some of the nation's highest-earning professions, the cost of earning an education can end up being millions.

President Biden talkingPhoto by JLHirvas (Creative Commons) Have you signed up for the new student loan forgiveness program? The website has been up live since late October and the launch has not went as planned by the federal government.

Student loan forgiveness was recently proposed for more than 43 million people, as many will benefit by having up to $20,000 wiped from their balances. However, one 61-year-old woman says that she will never pay back her debts.

A U.S. District Court Judge in Texas has ruled that President Biden's student loan forgiveness plan is unconstitutional, leaving millions of student loan borrowers in limbo after they were promised debt relief last August.

The application for Biden's student debt relief program has been removed from the Department of Education's website after A federal judge in Texas struck down the Biden administration’s plan Thursday evening.

A federal judge has shot down President Biden's student loan forgiveness plan as unconstitutional. Credit: Barry M. Winiker (Getty Images) Texas U.S. District Judge Mark T. Pittman ruled in favor of the Job Creators Network Foundation on Thursday, November 10. The Washington Post shared the following excerpt from Pittman's:

Last month, the Biden administration formally announced a student loan forgiveness plan to eliminate $10,000 to $20,000 worth of debt for qualified borrowers. Credit: Barry M. Winiker (Getty Images)

The entrance to Tufts' financial division is pictured on Sept. 13.(Natalie Brownsell / The Tufts Daily) Editor’s note: Trent Bunker was a former staff writer at the Daily. He did not contribute to the writing or editing of this article.

In a departure from most states, the State of Mississippi has confirmed that forgiven student loan debt will be taxed. Per the official White House fact sheet for President Biden's plan explains that the proposal will eradicate $10,000 in student loan debt for those who do not have Pell Grants and make under $250,000 per year for couples filing jointly and $125,000 per year for others. Those who meet the income requirements and did receive federal Pell Grants stand to have $20,000 in debt forgiven.

Photo Courtesy of Forbes/Student Loan ForgivenessForbes. Federal Student Loan Borrowers Need to Apply for Student Loan Debt Forgiveness once it becomes available. President Joe Biden announced his plan to cancel up to $10,000 in federal student debt per borrower and up to $20,000 for Pell Grant recipients. Individuals earning less than $125,000 per year and married couples or heads of households earning less than $250,000 per year are eligible for debt cancellation.

Vermont Senator Bernie Sanders has laid into the GOP for the party's backlash against President Biden's recent student loan forgiveness proposal. An official White House fact sheet shared details about Biden's plan, which will eradicate $10,000 in student loan debt for those who do not have Pell Grants and make under $250,000 per year for couples filing jointly and $125,000 per year for others. Those who meet the income requirements and did receive federal Pell Grants stand to have $20,000 in debt forgiven.

Southern Christian Coalition praises Biden's debt relief plan, says it moves toward economic justice. Pastors affiliated with the Southern Christian Coalition celebrated President Biden's announcement of up to $20,000 in student loan forgiveness this week.

The Biden administration has formally announced a student loan forgiveness plan to eliminate $10,000 to $20,000 worth of debt for qualified borrowers. The news comes on the heels of the signing of the Inflation Reduction Act of 2022, a sweeping tax and climate bill that was passed along party lines without the support of a single Republican Congressperson.

Photo Courtesy of The White House/Federal Student LoanThe White House. President Biden announced student loan Payments resume in January 2023. President Joe Biden made a highly anticipated announcement via the POTUS Twitter Account. Although details of the plan were still being finalized, White House aides have said Biden was weighing a targeted plan that would provide $10,000 of debt relief for borrowers who make below a certain level of income.