Supreme Court Rejects Biden’s Plan to Erase $400 Billion in Student Loans
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(Worthy News) – The U.S. Supreme Court has overturned President Biden’s attempt to erase the student loan debt for millions of Americans. The court ruled Friday that the Biden administration overstepped its authority.
The 6-3 decision effectively ends the $400 billion plan which means borrowers will likely have to start repaying their loans by late August.
President Joe Biden had unilaterally announced the plan last year, and since Congress didn’t have a role in the move the Supreme Court said Biden didn’t have the power to do it. [ Source: CBN News (Read More…) ]
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