(Photo: Diego M. Radzinschi/ALM)
Today, the Supreme Court – in its final day of rulings for the term – tossed out President Joe Biden's plan to forgive the student debt of more than 40 million people, rejecting one of his signature initiatives, after lower courts blocked the plan. After hearing arguments in February, it seemed unlikely that the justices would rule in favor of the plan.
The justices, voting 6-3, sided with six Republican-led states that sued to challenge the program, which by one estimate would have cost $430 billion over 30 years. Conservative Chief Justice John Roberts wrote the ruling over a dissent from the court's three liberals: "From a few narrowly delineated situations specified by Congress, the secretary has expanded forgiveness to nearly every borrower in the country," he said, referring to the U.S. education secretary.
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