The US Supreme Court handed President Joe Biden a painful defeat on Friday, blocking his plan to cancel $430 billion in student loan debt - a move that had been intended to benefit up to 43 million Americans and fulfill a campaign promise.
The justices ruled against Biden in a 6-3 decision favoring six conservative-leaning states that objected to the policy. The court's action dealt a blow to the 26 million U.S. borrowers who applied for relief after Biden announced the plan in August 2022 and represented a political setback for the Democratic president.
"From a few narrowly delineated situations specified by Congress, the secretary has expanded forgiveness to nearly every borrower in the country," Roberts said. Arkansas, Iowa, Kansas, Missouri, Nebraska and South Carolina challenged Biden's debt relief. Two individual borrowers had also opposed the plan's eligibility requirements but the justices dismissed their challenge on Friday due to a lack of legal standing. The court acted on its final day of rulings in its term that began in October.
Biden on Thursday said the court, with its conservative majority, was an institution out of touch with the country's basic values.
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