President Joe Biden insisted Friday that "this fight is not over" and blamed Republican opposition for the demise of his original plan.
The Supreme Court voted 6-3 to reject President Biden's plan to forgive $400 billion in student loan debt. Steven Schwinn, a University of Chicago professor, joins LiveNow to discuss what this means for borrowers. 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."The GOP has long argued that repaying the student loans is a fairness issue, and they celebrated the ruling. Betsy DeVos, who served as secretary of education under President Donald Trump, called Biden's original plan "deeply unfair to the majority of Americans who don’t have student loans.
The White House’s efforts to block payments were an attempt to keep a Biden 2020 campaign promise to wipe out student loan debt that was especially popular with young voters and progressives. Both will be vital to Biden in next year’s presidential race — but may be less energized about supporting him after the high court’s decision.
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