Joe Biden is confident the Supreme Court will approve his plan for student loan ... trends now
A day ahead of the Georgia Senate runoff election, President Biden re-emphasized his promise to reduce the 'enormous debt' for students who graduated with student loans - and insisted it will overcome ongoing legal challenges.
'There's a whole lot of people affected and we're confident on the law,' Biden said during an interview on the Ryan Cameron Uncensored radio show, as first reported by National Review on Monday.
'We're confident we're right on the law and we think the court will probably come out the right position.'
Biden's plan would cancel up to $20,000 in federal student debt for Pell Grant recipients and up to $10,000 for other student borrowers who make up to $125,000.
The average student loan balance is currently over $30,000.
The non-partisan Congressional Budget Office in September calculated the debt forgiveness would eliminate about $430 billion of the outstanding $1.6 trillion in outstanding student debt and about 40 million people would benefit.
'What it (forgiveness) allows people to do is get a new start in life and it also helps the economy,' said the Democratic president about the pros of federal loan forgiveness.
President Joe Biden uses an umbrella to keep out of the rain as he departs the White House on Tuesday in Washington, D.C. The issue of canceling student loan debt by executive order will be heard by the Supreme Court in early 2023.
The Supreme Court, whose justices are pictured, has agreed to hear the Biden administration's plan to forgive student loan forgiveness by executive order in February 2023.
Biden's bid to ensure federal student loan forgiveness comes after young voters and college graduates helped the Democratic Party including New York Senator Chuck Schumer becoming the Majority Leader in a blow to the GOP.
Voters under the age of 30 chose Democrats in the midterms by a 63-35 margin, their largest percentage demographically and
