People in favor of canceling student debt protest outside the Supreme Court, Friday, June 30, 2023, in Washington. A sharply divided Supreme Court has ruled that the Biden administration overstepped its authority in trying to cancel or reduce student loans for millions of Americans. Conservative justices were in the majority in Friday's 6-3 decision that effectively killed the $400 billion plan that President Joe Biden announced last year. Photo: Mariam Zuhaib/AP Supreme Court Strikes Down Biden's Student Debt Relief Plan
In 6-3 vote, the court says the president overstepped his statutory authority in announcing loan forgiveness for up to 43 million Americans.
June 30, 2023 at 11:02 AM
5 minute read
The U.S. Supreme Court said Friday that the Biden administration overstepped its authority with its plan to forgive nearly half a trillion dollars in federal student loans, delivering a fatal blow to one of the president's most ambitious, yet polarizing, agenda items.
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