Stay updated with breaking news from Students Act. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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.
Nancy Pelosi did not mention that she was quoted in the Supreme Court ruling canceling the student loan forgiveness plan.
The court said President Joe Biden's plan to forgive hundreds of billions in debt was beyond his authority. The court was divided along ideological lines in its decision, with conservative justices in the majority.
The conservative court ruled against Biden's debt relief program that would have helped more than 40 million people.
The United States Supreme Court released an opinion Friday on whether President Joe Biden can unilaterally forgive more than $400 billion in student loan debt for an estimated 250 million people. The high court found that such a sweeping plan must be passed through the legislative branch.