WASHINGTON The U.S. Supreme Court on Friday ruled that the Biden administration does not have the legal authority to enact a one-time student debt relief program, dealing a blow to the 40 million Americans who would have qualified for the program.
Last year, the Biden Administration rolled out a debt forgiveness plan for borrowers with federal student loans that would be a one-time cancellation of up to $10,000.
Those student loan borrowers who had received Pell Grants federal aid to help low-income students pay for higher education could qualify for an additional $10,000 in forgiveness, a policy that was meant to provide equitable relief to Black borrowers.
In a 6-3 decision, Chief Justice John Roberts, writing for the conservative m…
Read the full article at: https://iowacapitaldispatch.com/2023/06/30/us-supreme-court-rules-against-biden-administration-student-loan-debt-relief-plan/