Thu. Jul 4th, 2024

Supreme Court Devastates 40 Million Student Borrowers<!-- wp:html --><p>Getty</p> <p>The <a href="https://www.thedailybeast.com/ketanji-brown-jackson-dismantles-scotus-conservatives-in-blistering-affirmative-action-dissent">Supreme Court</a> on Friday struck down <a href="https://www.thedailybeast.com/biden-already-has-congress-ok-to-cancel-student-loan-debt">President Joe Biden’s signature initiative</a> to cancel student loan debt for more than 40 million Americans.</p> <p>The Higher Education Relief Opportunities for Student Act of 2003 (HEROES) program would have forgiven eligible borrowers of up to $20,000 each, costing some $400 billion overall, but it was blocked by an appeals court in October.</p> <p>The justices split the <a href="https://www.supremecourt.gov/opinions/22pdf/22-535_i3kn.pdf">decision</a> 6-3, with the conservative majority saying the president—and his secretary of education—do not have the authority to unilaterally act without congressional approval. </p> <p><a href="https://www.thedailybeast.com/supreme-court-strikes-down-bidens-student-loan-forgiveness-plan">Read more at The Daily Beast.</a></p><!-- /wp:html -->

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The Supreme Court on Friday struck down President Joe Biden’s signature initiative to cancel student loan debt for more than 40 million Americans.

The Higher Education Relief Opportunities for Student Act of 2003 (HEROES) program would have forgiven eligible borrowers of up to $20,000 each, costing some $400 billion overall, but it was blocked by an appeals court in October.

The justices split the decision 6-3, with the conservative majority saying the president—and his secretary of education—do not have the authority to unilaterally act without congressional approval.

Read more at The Daily Beast.

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