The Supreme Court struck down President Joe Biden’s attempt to forgive more than $400 billion in student loan debts, in a decision Friday that closes a door on an administration push that would affect millions of borrowers.
In the 6-3 opinion split along ideological lines, the conservative justices in the majority found the forgiveness program overstepped the bounds of federal law and usurped the power of Congress to control government spending.
The opinion overturned one of Biden’s moves to deliver on a key campaign promise and signaled that the conservative-controlled court could further restrict administrative agencies. Biden, in a statement, said he would address the nation Friday afternoon and said, “This fight is not over.”
