President Joe Biden insisted Friday that “this fight is not over” after the Supreme Court struck down his $400 billion student loan forgiveness plan.
FILE - President Joe Biden speaks about the student debt relief portal beta test in the South Court Auditorium on the White House complex in Washington, Oct. 17, 2022. A sharply divided Supreme Court has ruled that the Biden administration overstepped its authority in trying to cancel or reduce student loans for millions of Americans. Conservative justices were in the majority in Fridays 6-3 decision that effectively killed the $400 billion plan that President Joe Biden announced last year.
“I didn’t give any false hope,” he said heatedly. “The Republicans snatched away the hope that they were given.” Massachusetts Democratic Sen. Elizabeth Warren, one of her party's leading voices on the left, said, “The president has more tools to cancel student debt — and he must use them." Trying to place the onus for ending the plan on the GOP could allow Biden’s reelection campaign to keep the issue of students loans as one of strength in the short term. But that may ultimately offer little solace to 43 million Americans who will now could have to start again repaying their student loans.
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