In a 6-3 decision, the Supreme Court has invalidated President Biden’s student loan relief plan. Chief Justice Roberts, in his opinion, ruled that Missouri and other states had the right to challenge the student loan program. The plan proposed by Biden aimed to eliminate $400 billion in student loan debt. Chief Justice John Roberts stated, “The Secretary claims that the HEROES Act grants him the power to cancel $430 billion of student loan principal. However, it does not.”
Under Biden’s proposal, Pell Grant recipients would have been eligible to have a maximum of $20,000 in loans forgiven, while other loan recipients could have received up to $10,000 forgiveness if their annual income was below $125,000. For married couples, this income threshold would have been twice the amount.
There were expectations that the conservative members of the judiciary would oppose this plan. During the verbal hearings in February, several justices expressed doubt about the Department of Education’s ability to unilaterally eliminate student debt worth hundreds of billions of dollars.
Please note that this is a developing story.
Hooray make= vs those who did Pay loans OFF vs those who WONT
Why does Joe and other Ds make promises they know won’t hold up in Court?
Screw you Biden.
Great news from SCOTUS! That is like forcing other people to pay your credit card bills. That is ignorance in action from this ignorant administration. Thank you, SCOTUS!!!
Isn’t it amazing that the three dumb asses on the court continue to rule against the constitution. You idiots do not get to “make” laws based on your “feelings”
Oh did we ever lick the red off Biden’s candy.
Victory indeed