The U.S. Supreme Court blocked Joe Biden’s plan to cancel 430 billion dollars in student loan debt this Friday, June 30. The plan, which was one of Biden’s most popular ones among his voters, was rejected by the mostly conservative court. The result, supported by Republicans, comes as a countermeasure to the Democratic agenda. Biden later said he would look for new alternatives to provide the deb relief in higher education.
One of the alternate ways, according to Biden, is trying to make the initiative work through the Higher Education Act. With this, The Education Department launched a different regulatory process that could potentially last for months before showing results that could impact students’ debts. Regarding the block, Joe Biden stated:
“Today’s decision has closed one path. Now we’re going to start another. I believe the court’s decision to strike down my student debt relief program was a mistake, was wrong. I’m not going to stop fighting to deliver borrowers what they need, particularly those at the bottom end of the economic scale.”
The initiative was set to relieve borrowers earning$125,000 or less annually by having $20,000 in debt erased. In addition, other students who did not qualify for the federal grants were supposed to have $10,000 erased from their debt. This course of action was supposed to provide more affordable payments for higher-education learners.
Currently, progressive voters are still pressuring the government to continue with plans to help students with their loans, as they usually spend a lifetime trying to make their payments. While Democrats support the projects, the conservative sector showed its reluctance by stating that the proposal was unconstitutional.
