The Supreme Court has struck down President Biden’s student loan forgiveness plan. In a 6-3 decision, the high court blocked the president’s plan to cancel up to 20-thousand dollars in student loan debt for millions of borrowers. The conservative majority ruled that Mr. Biden overstepped his executive authority in trying to erase an estimated 400-billion […]
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Supreme Court blocks Biden’s student debt forgiveness plan
The Supreme Court has struck down President Biden’s student loan forgiveness plan. In a 6-3 decision, the high court blocked the president’s plan to cancel up to 20-thousand dollars in student loan debt for millions of borrowers. The conservative majority ruled that Mr. Biden overstepped his executive authority in trying to erase an estimated 400-billion dollars in student debt. The high court held that the administration needs Congress’ endorsement before undertaking such a costly program.
