,1,The Supreme Court on Friday struck down President Joe Biden’s federal student loan forgiveness plan, denying tens of millions of Americans the chance to get up to $20,000 of their debt erased.
The ruling, which matched expert predictions given the justices’ conservative majority, is a massive blow to borrowers who were promised loan forgiveness by the Biden administration last summer.
The 6-3 majority ruled that at least one of the GOP-led six states that challenged the loan relief program had the proper legal footing, known as standing, to do so.
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LIVE: President Biden speaks after Supreme Court struck down student debt relief plan — 6/30/23
