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The administration said its plan was meant to address the coronavirus pandemic and its lingering effects and was authorised by the Higher Education Relief Opportunities for Students Act of 2003
The 6-3 ruling effectively cancels the plan, which would have forgiven about $10,000 (£7,800) per borrower — and up to $20,000 in some cases.
WASHINGTON (Reuters) — The U.S Supreme Court handed President Joe Biden a painful defeat on Friday, blocking his plan to cancel $430 billion in student loan debt — a move
President Joe Biden says he "didn't give any false hope" on student loan "forgiveness" after the Supreme Court struck down his scheme.
On Friday, the U.S. Supreme Court struck down the Biden Administration’s federal student loan debt forgiveness initiative. In a 6-3 decision along party lines, the Supreme Court ruled that the legal authority cited by the Biden Administration and Department of Education were insufficient to enact wide student debt cancellation. Chief Justice John G. Roberts Jr....