Supreme Court Strikes Down Biden’s Student Loan Cancellation

Cancelling hundreds of billions of dollars in student loan debt cannot be done by President Joe Biden and his administration, the U.S. Supreme Court ruled Friday. In a 6-3 opinion, the court said Biden’s administration did not have the authority to unilaterally cancel student loan debt, blocking the president’s plan to cancel $10,000 per borrower. Justices Elena Kagan, Sonia Sotomayor and Ketanji Brown Jackson dissented in the case known as Biden v. Nebraska.