Supreme Court Strikes Down Biden's Student Debt Relief Plan | Insider News

Borrowers react to the Supreme Court's decision to strike down Joe Biden's student-loan forgiveness plan. The decision blocked debt relief for up to 43 million Americans, but left room for Biden to come up with a new plan.

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FOR MORE:
One map shows how many student-loan borrowers could have gotten Biden's debt relief if the Supreme Court hadn't struck it down
Biden just took the first step to cancel student debt using a different law after the Supreme Court struck his first plan down — but it'll take 'longer' this time
Chief Justice John Roberts said his opinion to strike down student-loan forgiveness doesn't mean the court opposes all relief. It just means Biden didn't have the authority to carry it out.

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Supreme Court Strikes Down Biden's Student Debt Relief Plan | Insider News

[vvcc]

don’t go to stupid colleges that won’t grant you a job you wouldn’t have without a degree. Nobody has to pay for someone’s else bad decisions. And if college education was good for you, you should be able to pay it back.

[beardrn]

If they cancel student debt, make sure to refund the students who responsibly paid back their debts during the pandemic as well. This is fair.

I had about $20k student loan debt at day 1 of the pandemic, I spent the next year busting my butt saving money and even moving in with family to eliminate renting expenses. By the start of pandemic year 2, I paid off all my debt and was debt free. If the government decides to cancel student debt, make sure people like me get our hard work rewarded by refunding the student loan debt we paid off.

[theravenreal]

If your college degree doesn't produce enough value for you to pay it off, it certainly doesn't have enough value for your neighbor to pay it off.

[lineshaftrestorations]

Failure to read, comprehend and follow the terms and conditions of your loan is not the responsibility of the government. It's yours. Cabbage head doesn't grasp the reality that the executive cannot unilaterally negate acts of Congress. Another stellar example of his excellence at failure.

[sabrinastone]

These college educated folks should've known that the intrest revenue alone on all those loans makes the government billions a year and would never be cancelled.

[Mganwillslay]

Gen z wants Everything for free ..we call them the handouts generation.. LoL.workfor ur food and respect 😂

[MrRnDmDUd]

If I'm in a car crash, I don't wish harm to the onlookers.

[rodicarsone]

I have the solution!!!! Just give every citizen over the age of 17 $20, 000! That would be fair!

[monchzeberga]

They bell out gambler's aka Wallstreet with your tax dollars but wont use your tax money to help you and your kids !

[mr.sharma]

Why the woman on the right making tiktok video? Isn't this disrespectful for POTUS ❤

[blackberuang]

EDUCATION SHOULD BE FREE LIKE MOST MODERN COUNTRIES!

[stevenporter]

0:00
Like how they keep saying that about millionaires. Shows either they are big liers or they don't understand basic economics. Either way it is scarry.

[zeroproblemsbigfella]

Pay off your own debt. This shouldn’t even be up for discussion. Hell if you wanna give these people free money I’ll take a free 20k in my account too.

[LindaNates]

📌 *I really appreciate your clear and simple breakdown on financial pitfalls ! I lost so much money on the crypto market but now I'm making around $41k $47k every two-weeks trading different cryptos.*

[fairuzdin]

Billions & Billions to the Israel & Ukraine, but yet when comes to it own tax paying citizens the coin purse are tightens

[BrownTrout]

“I was really depending on this $10, 000” even though when I took out the loan, I knew what it entitled and that I would have a sound financial plan to help pay of this debt without crushing my net worth.

[MrSepulveda]

How about forgive all credit card debt, home mortgage debt, auto loan debt? Let’s Go Brandon!!!

[xternalpunk]

Wow that a bunch of greedy entitled children!!! You make the debt you pay the debt!

[samsonsoturian]

I personally stand to gain a lot of money from this, but frankly I really doubt the Federal government can afford this.

[hemidenis]

So good we have a Trump supreme court.