Elaborating on his disappointment in a White House statement, Biden accused Republicans who backed the Supreme Court decision of “hypocrisy” for supporting pandemic-related loans to businesses, “but when it came to providing relief to millions of hard-working Americans, they did everything in their power to stop it,” he said, calling the ruling “plain wrong.”the Biden Administration has been working on a back-up plan in preparation for the ruling.
”In a 6-3 decision, the Supreme Court struck down Biden’s student loan forgiveness program, ruling in favor of six GOP-led states who argued the president overstepped his authority in promising to forgive the debts. The program, which was suspended and never fully implemented pending the court’s decision, would have forgiven $10,000 in student loan debts for federal borrowers earning less than $125,000 and $20,000 for Pell Grant recipients.
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