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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....
The Supreme Court struck down a plan to forgive up to $20,000 for some borrowers.
The US Supreme Court dealt President Joe Biden a significant political setback Tuesday when it overruled his landmark program to cancel the student debt of millions of Americans
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.
The U.S. Supreme Court has blocked President Joe Biden's plan to cancel $430 billion in student loan debt, ruling in favor of six conservative-leaning states. The decision is a setback for Biden and the 26 million borrowers who applied for relief. Chief Justice John Roberts wrote the ruling, stating that such broad action would require clear congressional approval. Biden called the ruling disappointing and promised further action.