The Supreme Court stikes down the Biden Administration student loan forgiveness.
According to reports the vote was 6-3, with the court's conservative majority ruling that "federal law does not authorize the program to wipe out nearly half-a-trillion dollars in debt." Chief Justice John Roberts wrote, "Six States sued, arguing that the HEROES Act does not authorize the loan cancellation plan. We agree."
Student loan payments have been on pause since the COVID-19 pandemic, but will now resume by late August according to reports.