Supreme Court Strikes Down Biden’s Student Debt Forgiveness Plan
The Supreme Court on Friday blocked the Biden administration’s student debt relief plan, stopping more than 40 million borrowers from receiving loan forgiveness and delivering a major defeat to one of the president’s key campaign promises.
The high-stakes decision will limit President Biden’s options to deliver on his commitment to cancel $10,000 of student loans for low- and middle-income borrowers.
“The Secretary asserts that the HEROES Act grants him the authority to cancel $430 billion of student loan principal. It does not,” Chief Justice John Roberts wrote. The court ruled 6-3 along ideological lines.
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