Current:Home > NewsRead full text of Supreme Court student loan forgiveness decision striking down Biden's debt cancellation plan-DB Wealth Institute B2 Expert Reviews
Read full text of Supreme Court student loan forgiveness decision striking down Biden's debt cancellation plan
View Date:2024-12-23 23:06:07
The Supreme Court on Friday invalidated President Biden's student loan forgiveness plan, derailing a major campaign pledge from the president and denying relief to 40 million Americans who stood to benefit from the program.
In a 6-3 decision, the court's conservative majority found that federal law does not authorize the program to wipe out nearly half-a-trillion dollars in debt.
The Supreme Court said in Biden v. Nebraska that Missouri, one of the six states that challenged the lawfulness of the plan, had the legal standing to sue, enabling the court to consider whether the secretary of education had the power to forgive student loan debt under a law known as the HEROES Act.
- Read full text of the Supreme Court affirmative action decision and ruling in high-stakes case
In a separate opinion, the Supreme Court unanimously said a pair of borrowers who challenged the program lacked standing, and tossed out their challenge.
Read the opinion in the cases, Biden v. Nebraska and Department of Education et al v. Myra Brown here:
- In:
- Biden Administration
- Supreme Court of the United States
- Joe Biden
- Politics
- Student Loans
veryGood! (82)
Related
- Gigi Hadid and Bradley Cooper Prove They're Going Strong With Twinning Looks on NYC Date
- U.S. begins strikes to retaliate for drone attack that killed 3 American soldiers
- Second powerful storm in days blows into California, sparking warnings of hurricane-force winds
- Skydiver dies in Arizona, 2nd deadly incident involving Eloy skydiving events in less than a month
- Wildfires burn on both coasts. Is climate change to blame?
- List of top Grammy Award winners so far
- Man sentenced to life without parole in 1991 slaying of woman
- Bruce Willis and Ex Demi Moore Celebrate Daughter Tallulah's 30th Birthday
- 2025 Medicare Part B premium increase outpaces both Social Security COLA and inflation
- Bill Belichick thanks 'Patriots fans everywhere' in full-page ad in Boston Globe
Ranking
- Minnesota man is free after 16 years in prison for murder that prosecutors say he didn’t commit
- The 2024 Grammy Awards are here. Taylor Swift, others poised for major wins: Live updates
- Grammys 2024: Paris Jackson Covers Up 80+ Tattoos For Unforgettable Red Carpet Moment
- Maluma Reveals the Fatherhood Advice He Got From Marc Anthony
- Taking stock of bonds: Does the 60/40 rule still have a role in retirement savings?
- Off-duty Nebraska police officers shoot and kill two men
- 'Curb your Enthusiasm' Season 12: Cast, release date, how to watch the final episodes
- Joe Rogan inks multiyear deal with Spotify, podcast to expand to other platforms
Recommendation
-
Bluesky has added 1 million users since the US election as people seek alternatives to X
-
John Bolton says Nikki Haley should stay in 2024 presidential primary race through the GOP convention
-
They met on a dating app and realized they were born on same day at same hospital. And that's not where their similarities end.
-
Why this mom is asking people to not talk about diet when buying Girl Scout cookies
-
‘COP Fatigue’: Experts Warn That Size and Spectacle of Global Climate Summit Is Hindering Progress
-
Coast Guard searching for sailor, 60, who has been missing for 2 weeks
-
At least 46 were killed in Chile as forest fires move into densely populated areas
-
Biden sets sights on Las Vegas days before Nevada’s primary. He’s also got November on his mind.