'The Biden administration has remaining legal routes to provide broad-based student debt cancellation,' Senate Majority Leader Chuck Schumer said.
his plan to cancel up to $25,000 worth of debt for Pell Grant recipients and up to $10,000 for borrowers with an income lower than $125,000.would have benefited up to 43 million Americans who had college debt. At least 20 million borrowers would have had their debt fully relived, under Biden's plan.
U.S. President Joe Biden speaking, with Vice President Kamala Harris in the Roosevelt Room at the White House on December 08, 2022, in Washington, D.C. On Friday, June 30, 2023, the Supreme Court struck down Biden's student loan forgiveness plan, prompting Democrats to call on the president to take further action.The decision leads many to wonder exactly why the Supreme Court would vote this way.
"The Secretary asserts that the HEROES Act grants him the authority to cancel $430 billion of student loan principal. It does not.
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