The lawsuit hits the 26 million American borrowers who applied for help after Biden announced the plan in August 2022. Photo: Patrick Semansky/AP
Joe Biden suffered a painful defeat on Friday after the U.S. Supreme Court blocked his plan to write off $430 billion in student loan debt, a move that would benefit up to 43 million Americans and fulfill the election promise.
The judges ruled against Biden by a 6-3 vote in favor of six conservative states that objected to the policy.
Arkansas, Iowa, Kansas, Missouri, Nebraska and South Carolina challenged Mr. Biden's debt relief program, as did two individual borrowers who opposed the plan's demands.
Twenty-six million borrowers applied for help from the time Mr. Biden announced the plan in August 2022 until last November, when the plan was blocked by lower courts.
Mr. Biden's plan succeeded his 2020 campaign. promised to write off some of its $1.6 trillion student loan debt, but Republicans criticized it as an overreach.
Under the plan, the US government intended to forgive up to $10,000 in federal debt for Americans earning less than $125,000 who received loans to pay for university and other post-secondary education, and $20,000 for Pell Grant recipients to students from low-income families.
The ruling was passed the day after Supreme The court effectively banned affirmative action policies long used by U.S. colleges and universities to increase the enrollment of blacks, Hispanics and other underrepresented minority students.
On Thursday, Mr Biden said the court, with its conservative majority , was an institution divorced from the core values of the country.
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