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Biden Could Still Cancel Student Debt Despite Court
Posted
July 1, 2023
Views
5,027
Likes
416
Comments
243
Engagement
13.11%
July 1, 2023
5,027
416
243
13.11%
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7:02Now PlayingBiden's student loan forgiveness plan was struck down by the Supreme Court. Rayyvana and Dara Faye break it down on The Watchlist. Watch LIVE on weekdays at 5pm ET.
Read more HERE
"The Supreme Court on Friday struck down President Joe Biden’s plan to cancel up to $20,000 of student debt for tens of millions of Americans, thwarting a major domestic priority of the president as he seeks reelection.
In a 6-3 decision, the conservative majority on the court ruled that Biden’s effort to erase roughly $400 billion of student debt was an illegal use of executive power.
The decision immediately upends debt relief that the Education Department approved last fall for 16 million borrowers and the pending applications of millions of additional borrowers."
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