Supreme Court Strikes Down Biden Student Loan Forgiveness Program

The Supreme Court voted 6–3 on June 30 to strike down President Joe Biden’s controversial plan to partially forgive student loans.
The six conservative justices voted to invalidate the program in the closely watched case, while the three liberal justices voted to uphold it.
Biden unveiled the plan in August 2022 in a move critics decried as a constitutionally dubious attempt to help Democrats in November 2022 congressional elections. The Congressional Budget Office said the plan could cost about $400 billion, but the Wharton School estimates the price tag could blow past $1 trillion.
The now-invalidated program would have canceled as much as $20,000 in loan principal for each of 40 million borrowers….}