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The US Supreme Court handed President Joe Biden a painful defeat on Friday, blocking his plan to cancel $430 billion in student loan debt - a move tha
The Supreme Court on Friday invalidated President Joe Biden’s student loan debt relief plan, meaning the long-delayed proposal intended to implement a campaign trail promise will not go into effect.
The court ruled in favor of the six GOP-led states that alleged President Joe Biden overstepped his authority with his loan forgiveness plan.
Nearly 1.4 million Texans poised to have some or all their student debt canceled by the federal government will have to continue paying off their loan balances after the U.S.
Twenty-six million U.S. borrowers applied for relief between when Biden announced the plan in August 2022 until last November, when lower courts blocked the plan.