Democratic President Joe Biden's student loan plan: A temporary defeat Wednesday at the U.S. Supreme Court.
The “Savings for a Worthwhile Education” plan was part of Biden's student loan forgiveness program, but it was also struck down by the Supreme Court in 2023.
Critics of Biden's student loan forgiveness plan argue that loan “forgiveness” is merely a euphemism for debt that will be slammed on taxpayers.
The bill, which was passed in June 2023, was filed with the support of attorneys general from 11 Republican-led states, including South Carolina, Texas and Florida, who argued that the student loan forgiveness plan goes far beyond the forgiveness precedent asserted by the Biden administration.
The Biden administration has asked for the program to be reopened while the case is heard, but courts have ruled it will continue to block it.
Some of the states joining the lawsuit said in a statement that Biden's new plan is substantively different from the debt forgiveness that courts have already ruled against.
“This attempt to unilaterally cancel the debt is just as unlawful as the 12-figure attempt this court first rejected,” they said.
The government opposed this.
“Our Administration will continue to vigorously defend the SAVE Plan, which has helped more than 8 million borrowers reduce their monthly payments, including 4.5 million borrowers whose monthly payments have been reduced to zero.” said White House Press Secretary Angelo Fernandez Hernandez.
“And I won't stop fighting against efforts by Republican elected officials to raise student loan repayment costs for millions of their constituents,” he added.
Critics of Biden's student loan forgiveness plan say loan “forgiveness” is merely a euphemism for debt that will be slammed on taxpayers.
Biden promised to seek student loan debt relief during the 2020 campaign, but critics on the left have slammed him for failing to follow through on his plan.
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