Supreme Court kills Biden student loan relief plan

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LIVE: NBCNews Special Report: President Biden speaks after Supreme Court strikes down student loan forgiveness program.

The student loan proposal was important politically to Biden, as tackling student loan debt was a key pledge he made on the campaign trail in 2020 to energize younger voters.

Advocates, as well as some Democrats in Congress, say the Education Department has broad power to forgive student loan debt under the 1965 Higher Education Act, a different law than the one at issue in the Supreme Court cases. Republicans welcomed the ruling, with Senate Minority Leader Mitch McConnell of Kentucky saying Biden's"student loan socialism plan would be a raw deal for hardworking taxpayers."at the end of August after having been put on pause during the Covid-19 pandemic, although first payments will not be due until October.two cases: one brought by six states, including Missouri, and the other brought by two people who hold student loan debt, Myra Brown and Alexander Taylor.

She said the states bringing the challenge did not have legal standing to even bring the case, and in analyzing HEROES Act, the conservative justices ignored the clear language of the law.

 

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