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Biden Reacts to Supreme Court Ruling on Student-Debt Relief
Posted
June 30, 2023
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0:58Now PlayingPresident Joe Biden announced he would try a new legal avenue to provide student-loan borrowers with relief after the Supreme Court struck down his initial plan to forgive billions of dollars in debt, undoing one of his signature initiatives.
“Today’s decision has closed one path. Now we’re going to pursue another. I’m never going to stop fighting for you. We’ll use every tool at our disposal to get you the student debt relief you need and reach your dreams,” Biden said Friday at the White House.
The president said he would begin a new process to provide relief under the Higher Education Act and would also create a 12-month “on-ramp repayment program” that would help borrowers reduce the threat of default.
“I know there are millions of Americans, millions of Americans in this country who feel disappointed and discouraged or even a little bit angry about the court’s decision today on student debt. And I must admit, I do too,” Biden said.
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