SCOTUS Cancels President Biden’s Student Loan Forgiveness Plans
July 3, 2023 6:32AM CDT
FILE – In this Aug. 6, 2020 file photo, Missouri Attorney General Eric Schmitt speaks during a news conference in St. Louis. Schmitt announced Wednesday, March 24, 2021, that he’s making a bid for retiring U.S. Sen. Roy Blunt’s seat. (AP Photo/Jeff Roberson, File)
(MISSOURINET) – The U.S. Supreme Court has canceled President Biden’s 400-billion dollar student loan forgiveness plans. The high court has ruled this past Friday that the president’s plan, which would have allowed eligible borrowers to cancel up to 20-thousand dollars in debt, is unconstitutional. Missouri U.S. Senator Eric Schmitt, a Republican, filed the lawsuit to challenge Biden on this effort.
Missouri Congresswoman Cori Bush, a St. Louis Democrat, says the president must keep the promise he made to cancel student debt by pursuing one of several alternative paths at his disposal.
