Student Loan Forgiveness Program Supreme Court

Supreme Court Strikes Down President Biden's Student Loan Forgiveness Plan

Biden Plan Voided by Judicial Review

Millions of Borrowers Left in Limbo

In a major setback for the Biden administration, the Supreme Court ruled Friday that the president's student loan forgiveness plan violates federal law. The decision, which came in a 6-3 vote, invalidates the plan that would have forgiven up to $20,000 in federal student debt for millions of borrowers.

The court held that the administration overstepped its authority by unilaterally implementing the forgiveness program without congressional approval. Chief Justice John Roberts, writing for the majority, argued that the plan was "not supported by clear congressional authorization" and was therefore unlawful.

The decision is a major blow to the Biden administration, which had touted the forgiveness plan as a key part of its economic recovery efforts. The White House had estimated that the plan would provide relief to over 40 million borrowers, including many who have struggled financially during the COVID-19 pandemic.

The ruling also leaves millions of borrowers in limbo, as they are now uncertain whether they will be required to repay their student loans in full. The Department of Education has indicated that it will provide further guidance to borrowers in the coming weeks.

The Supreme Court's decision is likely to have far-reaching implications for the future of student loan forgiveness. It remains unclear whether Congress will pass legislation to authorize the administration to implement a similar plan in the future.