ruled Friday that the Biden administration overstepped its authority in trying to cancel or reduce student loans for millions of Americans.
The court held that the administration needs Congress' endorsement before undertaking so costly a program. The majority rejected arguments that a bipartisan 2003 law dealing with student loans, known as the HEROES Act, gave Biden the power he claimed. Advocacy groups supporting debt cancellation condemned the decision while demanding that Biden find another avenue to fulfill his promise of debt relief.
Loan repayments will resume in October, although interest will begin accruing in September, the Education Department has announced. 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.
WATCH LIVE: Biden delivers remarks on Supreme Court’s decision to ban affirmative actionPresident Joe Biden will deliver remarks on the Supreme Court's decision on affirmative action on Thursday at 12:30 p.m. EDT.
Source: dcexaminer - 🏆 6. / 94 Read more »
Watch Live: Biden speaks on Supreme Court affirmative action decisionThe president is speaking about the Supreme Court's decision against the race-conscious admission policies of Harvard College and the University of North Carolina.
Source: CBSNews - 🏆 87. / 68 Read more »
WATCH LIVE: Joe Biden speaks about Supreme Court student loan rulingPresident Joe Biden will address the country to discuss his administration's next move after the Supreme Court ruled that his student loan forgiveness plan was unconstitutional.
Source: dcexaminer - 🏆 6. / 94 Read more »
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 »