The court held that the administration needs Congress’ endorsement before undertaking so costly a program.
The 6-3 decision, with conservative justices in the majority, effectively killed the $400 billion plan, announced by President Joe Biden last year, and left borrowers on the hook for repayments that are expected to resume by late summer. “Six States sued, arguing that the HEROES Act does not authorize the loan cancellation plan. We agree,” Chief Justice John Roberts wrote for the court.
Loan repayments are expected to resume by late August under a schedule initially set by the administration and included in the agreement to raise the debt ceiling. Payments have been on hold since the start of the coronavirus pandemic more than three years ago.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Law Law Latest News, Law Law Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden rips Supreme Court decision on race-based college admissions: ‘Not a normal court’President Biden delivered a speech Thursday condemning the Supreme Court's decision that the consideration of race by universities for admissions is unconstitutional.
Source: FoxNews - 🏆 9. / 87 Read more »
Biden slams Supreme Court for affirmative action decision: 'This is not a normal court'President JoeBiden slammed the Supreme Court for reversing a college admissions affirmative action precedent a year after overturning Roe v. Wade. 'Today, the court once again walked away from decades of precedent,' Biden said.
Source: dcexaminer - 🏆 6. / 94 Read more »
Biden knocked for declaring Supreme Court is 'not a normal court:' 'Not a normal presidency'President Biden was blasted on Thursday for proclaiming that the U.S. Supreme Court is “not a normal court' following its ruling on affirmative action.
Source: FoxNews - 🏆 9. / 87 Read more »
GOP lawmakers applaud Supreme Court affirmative action ruling: 'Great day for all Americans'Lawmakers applauded the U.S. Supreme Court's decision rejecting the use of race as a factor in college admissions, in a landmark opinion released Thursday.
Source: FoxNews - 🏆 9. / 87 Read more »
The Supreme Court Just Made Millions of Americans $10,000 PoorerOn Friday, the ultra-conservative Supreme Court voted 6-3 to strike down the Biden administration’s student loan forgiveness program.
Source: Jezebel - 🏆 153. / 63 Read more »
Supreme Court rejects Biden's plan to wipe away $400B in student loansA sharply divided Supreme Court ruled Friday that the Biden administration overstepped its authority in trying to cancel or reduce student loans for millions of Americans.
Source: KSLcom - 🏆 549. / 51 Read more »