The Supreme Court has issued a ruling that brings disappointing news to thousands of college graduates. They will not be receiving the anticipated relief of up to $20,000 on their student loans. President Biden’s plan to forgive over $400 billion in student loans has been struck down by a 6-3 vote. The Washington Post and Politico have reported on this development. Under the plan, most graduates would have been eligible for $10,000 in relief, while those who received Pell grants could have received $20,000. The court determined that President Biden exceeded his authority in implementing this relief. The president is expected to address alternative methods of providing relief in his remarks later today, according to CNN.
The court heard two cases that were brought against the president’s plan. One case was filed by six GOP state attorneys general, and the other was filed by two students who did not qualify for loan forgiveness, as noted by Politico. Both cases argued that President Biden had overstepped his authority. It should be noted that the relief plan was never approved by Congress. Instead, President Biden claimed the authority to implement it under the HEROES Act, a 2003 law that allows the education secretary to modify loan rules during a national emergency. The White House contended that the pandemic qualified as such.
Chief Justice John Roberts, in the majority opinion, wrote, “Six States sued, arguing that the HEROES Act does not authorize the loan cancellation plan. We agree.” In a dissent joined by the court’s two liberal justices, Justice Elena Kagan expressed the view that the majority decision “overrides the combined judgment of the Legislative and Executive Branches, with the consequence of eliminating loan forgiveness for 43 million Americans.” Loan payments, which have been suspended for three years due to the pandemic, will resume in October.
The Supreme Court’s ruling has significant implications for the millions of Americans burdened by student loan debt. It is a setback for President Biden’s efforts to provide relief in this area. It remains to be seen what alternative solutions the president will propose in response to this ruling.
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