SCOTUS nixes Biden's student loan forgiveness plan

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SCOTUS nixes Biden's student loan forgiveness plan
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The Supreme Court ruled 6-3 in Biden v. Nebraska that the administration lacked the authority to execute the $430 billion plan.

The U.S. Supreme Court struck down President Joe Biden's student loan forgiveness plan, killing a program that would have assisted millions of California students.

“The Secretary [of Education] asserts that the HEROES Act grants him the authority to cancel $430 billion of student loan principal,” Roberts wrote. “It does not.” Students from poorer households, or the first in their families to attend college, borrow at a higher rate to attend private universities — where tuition could reach $60,000 a year — than public ones, she said.

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