New Biden Bailout

Just weeks removed from a Supreme Court ruling that declared its student loan forgiveness program unconstitutional, the Biden administration on Friday announced new relief for students that will cancel $39 billion in debt for more than 804,000 past students.

The Supreme Court voted 6-3 last month to strike down Biden’s plan to forgive up to $20,000 in debt for 43 million student loan borrowers, concluding the president did not have the legal authority to do so without legislation from Congress.

One thought on “New Biden Bailout

Leave a Reply

Your email address will not be published. Required fields are marked *