The Supreme Court on Friday struck down President Joe Biden's student debt relief plan, which would cancel over $400 billion in student loan debt, on the grounds that the secretary of education's enactment of the program oversteps the bounds of the Biden administration's authority.
The court ruled that Biden's program presents an executive overreach because of its wide scope — endeavoring to release 43 million student loan borrowers from a total of $430 billion of debt — which would alter large portions of the nation's economy without undertaking the necessary legislative procedures in Congress. The justices voted 6-3 in favor of the suing states after unanimously voting that the private plaintiffs who also challenged the relief plan did not have the standing to do so.
