Read full text of Supreme Court student loan forgiveness decision striking down Biden's debt cancellation plan

2024-12-24 07:48:50 source: category:News

The Supreme Court on Friday invalidated President Biden's student loan forgiveness plan, derailing a major campaign pledge from the president and denying relief to 40 million Americans who stood to benefit from the program.

In a 6-3 decision, the court's conservative majority found that federal law does not authorize the program to wipe out nearly half-a-trillion dollars in debt.

The Supreme Court said in Biden v. Nebraska that Missouri, one of the six states that challenged the lawfulness of the plan, had the legal standing to sue, enabling the court to consider whether the secretary of education had the power to forgive student loan debt under a law known as the HEROES Act. 

  • Read full text of the Supreme Court affirmative action decision and ruling in high-stakes case

In a separate opinion, the Supreme Court unanimously said a pair of borrowers who challenged the program lacked standing, and tossed out their challenge.

Read the opinion in the cases, Biden v. Nebraska and Department of Education et al v. Myra Brown here:

22-506_nmip Biden v. Nebraska by CBS News Politics on Scribd
22-535_i3kn Student Loan Forgiveness plan by CBS News Politics on Scribd
    In:
  • Biden Administration
  • Supreme Court of the United States
  • Joe Biden
  • Politics
  • Student Loans

More:News

Recommend

Lady Gaga Joins Wednesday Season 2 With Jenna Ortega, So Prepare to Have a Monster Ball

Lady Gaga is about to get all together ooky with the Addams Family.The "Die With a Smile" singer has

Onions are the third most popular vegetable in America. Here's why that's good.

Onions are the third most popular vegetable in the United States, and Americans consume about 350 se

Kylie Jenner cries over 'exhausting' comments saying she looks 'old'

Kylie Jenner is baring all about criticism surrounding her looks.During a recent conversation on an