President Joseph Biden‘s plan to eliminate over $400 billion in student loan debt and help tens of millions of people was rejected by the Supreme Court of the United States.
The decision, which was announced on Friday, was a defeat for Mr. Biden since it halted the implementation of one of the most expensive executive orders in American history, according to the New York Times.
By a vote of 6 to 3, the court affirmed its decision to reject the planned cancellation, which was enabled by the Higher Education Relief Opportunities for Students Act of 2003, or “HEROES Act.”
The administration’s efforts to fight the pandemic and its lasting effects will be severely hindered by this choice. The secretary of education is empowered by this law, which was initially passed in response to the terrorist attacks of September 11, 2001, to “waive or modify any statutory or regulatory provision” in order to protect borrowers who are affected by “a war or other military operation or national emergency.”
Now that his pledge has been broken, Mr. Biden must consider various options, some of which may involve re-filing his action under the Higher Education Act.