Biden to announce new plan to protect student loan borrowers amid SC's ruling
Despite the setback, the Biden administration has prepared for this scenario and remains committed to addressing the issue
President Joe Biden is set to announce new actions aimed at protecting student loan borrowers in the wake of a Supreme Court ruling that halted his plan to cancel $430 billion in student loan debt.
Despite the setback, the Biden administration has prepared for this scenario and remains committed to addressing the issue.
According to reports a White House source speaking on condition of anonymity, the president will emphasize that the fight is far from over and will unveil fresh initiatives to assist student loan borrowers.
The source asserted that Republicans would be held accountable for obstructing Biden's efforts to provide relief to those in need.
The Supreme Court's 6-3 decision to block Biden's debt cancellation plan is seen as a blow to the president's policy agenda.
It also intensifies the pressure from progressive voters who have been urging the administration to take stronger action on student loan debt.
However, Republicans welcomed the Supreme Court's ruling, arguing that Biden's original student loan relief plan was unconstitutional and unfair to those who had already paid off their loans or made different choices regarding their education and career paths.