Supreme Court rejects Biden's plan to wipe away $400 billion in student loans

[Zephyr]

Supreme Court rejects Biden's plan to wipe away $400 billion in student loans

WASHINGTON (AP) — A sharply divided Supreme Court ruled Friday that the Biden administration overstepped its authority in trying to cancel or reduce student loans for millions of Americans.

afn.net

A sharply divided Supreme Court ruled Friday that the Biden administration overstepped its authority in trying to cancel or reduce student loans for millions of Americans.

The 6-3 decision, with conservative justices in the majority, effectively killed the $400 billion plan, announced by President Joe Biden last year, and left borrowers on the hook for repayments that are expected to resume by late summer.

 

[Tall Timbers]

I wonder how much longer we'll have a little sanity in the Supreme Court. I'm guessing it won't be too much longer.