The Supreme Court ruled Friday that President Joe Biden's student loan debt forgiveness plan is unconstitutional, with Chief Justice John Roberts employing a "major questions" argument to nix usual court deference to executive branch agency. This means that the 26 million Americans who signed up for the debt forgiveness program will no longer have their debt partially or fully wiped away. The ruling has been met with criticism from both sides of the aisle and it remains to be seen how the Biden administration will respond to the ruling.
Posts tagged as “the HEROES Act”
The Supreme Court has ruled 6-3 against President Joe Biden's student loan debt relief plan, denying relief to 40 million Americans who stood to have up to $20,000 in student debt wiped away. The ruling invalidates the president's plan to forgive nearly half-a-trillion dollars in student loan debt, and is a major setback for Biden's promise to provide relief to millions of Americans struggling with student loan debt. The decision means that millions of Americans will continue to be burdened with student loan debt.
The Supreme Court heard arguments on Tuesday in a case that could decide the fate of President Joe Biden's targeted student loan relief program. The liberal justices of the Supreme Court appeared to deploy a fresh strategy to attack arguments put forward by challengers to the program, while the conservative justices questioned the program's legality. The outcome of the case could have a major impact on the lives of millions of student loan borrowers, with a decision expected in the coming months.