The Supreme Court ruled 6-3 in favor of Republican-led states that sued the federal government over the student loan forgiveness program.
President Joe Biden was defiant as he addressed the nation following the Supreme Court's decision to strike down his student loan forgiveness plan.The justices voted 6-3 in favor of Republican-led states that sued the federal government over the program. They ruled that Biden did not have the authority to create his program under the 2003 Heroes Act.
The new approach will be grounded in the Higher Education Act, which Biden says will allow the Department of Education to compromise with lenders and release loans under certain circumstances.
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