more than $400 billion in student loan debt.
President Biden snapped at a reporter on Friday who said he had given “millions of borrowers false hope” after the Supreme Court overturned his plan to forgive student debt.“Why did you give millions of borrowers false hope you’ve dated, doubted your own authority here in the past?” a reporter asked the president.
The Court’s conservative supermajority overturned Biden’s loan relief plan for as many as 26 million student borrowers earlier Friday.“The money was literally about to go out the door, and then Republican-elected officials and special interests stepped in,” Biden claimed before comparing the student loan handout to the COVID-era Paycheck Protection Program.
“I didn’t give any false hope,” Biden said. “But the Republicans snatched away the hope that they were given, and it’s real, real hope.”“So let me be clear, Republicans in Congress, it’s not about reducing the deficit. It’s not about fairness and forgiving loans. It’s only about forgiving loans they have to pay,” he said. “Today the Supreme Court sided with them. I believe the Court’s decision to strike down my student debt relief program was a mistake, was wrong.
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