US Supreme Court Strikes Down Student Debt Relief
On June 30, the US Supreme Court struck down President Joe Biden’s student debt relief program, which had been held up in the courts for several months due to right-wing legal challenges. The six ultra-conservative justices which make up the majority of the court ruled against the program, while the three centrist justices voted to uphold it. The Court ruled that Biden had overstepped his authority when he announced a sweeping student debt relief program on August 24, 2022. The program would have zeroed out the debts of 20 million people.
Biden issued an executive action in August to forgive the debts of student loan borrowers by up to USD 20,000.