In a largely anticipated decision, the Supreme Court on Friday ruled in two separate cases that the Biden administration exceeded its authority with its $400 billion student loan forgiveness plan. The court ruled 6-3 along ideological lines.
The first case, Department of Education v. Brown, was brought by two student loan borrowers who didn’t qualify for relief sued to vacate the program on the basis that Biden’s invocation of the post-9/11 HEROES Act constitutes executive overreach. The Court ruled unanimously that the borrowers did not have standing to sue – but that the Biden administration also doesn’t have the authority to forgive the debt.
“The HEROES Act allows the Secretary to ‘waive or modify’ existing statutory or regulatory provisions applicable to financial assistance programs under the Education Act, but does not allow the Secretary to rewrite that statute to the extent of canceling $430 billion of student loan principal,” reads the opinion.
Continue reading “Supreme Court Strikes Down Student Loan Relief — Here’s Who’s Most Affected”
