Joe Biden to Announce New Plan on Student Loans After Supreme Court Strikes Down His Bailout Program
Joe Biden will announce a new plan on student loans after the US Supreme Court crushed his unconstitutional forgiveness plan.
Joe Biden unilaterally announced a massive forgiveness of student loans last August to buy the Gen Z-Millennial vote in the 2022 midterms.
Biden canceled over $400 billion in student loans which turns out to be up to $10,000 in student debt for borrowers who earn $125,000 a year or less and up to $20,000 for recipients of Pell Grants.
Six Republican state attorneys general sued Joe Biden (Biden v Nebraska) and argued the student loan bailout violates the separation of powers.
Separately, two borrowers who did not qualify for Joe Biden’s student loan forgiveness plan (Department of Education v Brown) sued to stop the program.
