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The 6-3 decision, with conservative justices in the majority, said the Biden administration overstepped its authority with the plan, and it leaves borrowers on the hook for repayments that are expected to resume in the fall
Under the Biden administration's student loans plan, up to $20,000 would be forgiven from millions of Americans, entirely wiping out the debt for many of them.
Under the Biden administration's student loans plan, up to $20,000 would be forgiven from millions of Americans, entirely wiping out the debt for many of them.
A sharply divided Supreme Court ruled Friday that the Biden administration overstepped its authority in trying to cancel or reduce student loans for millions of Americans.
Under the Biden administration's student loans plan, up to $20,000 would be forgiven from millions of Americans, entirely wiping out the debt for many of them.