The court ruled in favor of the six GOP-led states that alleged President Joe Biden overstepped his authority with his loan forgiveness plan. tx kprc2 click2hou studentloanforgiveness
poised to have some or all their student debt canceled by the federal government will have to continue paying off their loan balances after the U.S. Supreme Court ruled Friday that the Biden administration’s student loan forgiveness plan is unconstitutional.
“The HEROES Act allows the Secretary to ‘waive or modify’ existing statutory or regulatory provisions applicable to financial assistance programs under the Education Act, but does not allow the Secretary to rewrite that statute to the extent of canceling $430 billion of student loan principal,” Chief Justice John Roberts wrote in the majority opinion.It is a major blow for Biden, who promised during his presidential campaign that if elected he would address student debt.
“In establishing the loan forgiveness plan, the current Secretary scratched the pre-existing conditions for loan discharge, and specified different conditions, opening loan forgiveness to more borrowers,” she wrote. “That may have been a good idea, or it may have been a bad idea. Either way, the Secretary did only what Congress had told him he could.”
The Supreme Court heard two cases challenging Biden’s plan earlier this year. One was filed by six GOP-led states, not including Texas. In that lawsuit, the states argued that Biden used the pandemic as a pretext to deliver on a campaign promise, exceeding his authority as president. During oral arguments, the federal government argued that the states do not have standing to argue their case.
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