Supreme Court Strikes Down Biden's Student-Loan Forgiveness Program
Millions of Borrowers Face Disappointment
Supreme Court Rules Against Biden's Plan
The Supreme Court has dealt a major blow to President Joe Biden's student loan forgiveness program, ruling on Friday that the administration overstepped its authority with the plan.
The plan, which would have provided up to $20,000 in relief to millions of federal student loan borrowers, was blocked by the Court's conservative majority.
The ruling is a major setback for the Biden administration and for millions of borrowers who were hoping for relief from their student loan debt.
The Court's decision was based on the argument that the Biden administration did not have the authority to forgive student loan debt without Congressional approval.
The decision is a victory for Republicans, who have been critical of the student loan forgiveness program.
It remains to be seen what the long-term impact of the decision will be.
Comments