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Biden Ignores Supreme Court, Cancels Another 74,000 Student Loans

via CBS News
This article was originally published at StateOfUnion.org. Publications approved for syndication have permission to republish this article, such as Microsoft News, Yahoo News, Newsbreak, UltimateNewswire and others. To learn more about syndication opportunities, visit About Us.

The Biden administration has canceled the loans of an additional 74,000 student borrowers, bringing the total number of debt cancellations to over 3.7 million Americans.

Despite a Supreme Court ruling against Biden’s student loan relief plan, the administration continues to pursue alternative paths for providing relief.

President Biden emphasized the legal basis for the loan cancellations, citing improvements made to the student loan programs.

“My Administration is able to deliver relief to these borrowers – and millions more – because of fixes we made to broken student loan programs that were preventing borrowers from getting relief they were entitled to under the law. Today’s announcement comes on top of all we’ve been able to achieve for students and student loan borrowers in the past few years,” Biden said.

“And, in the wake of the Supreme Court’s decision on our student debt relief plan, we are continuing to pursue an alternative path to deliver student debt relief to as many borrowers as possible as quickly as possible,” he added.

The administration is committed to using all available tools to alleviate the burden of student loan debt on borrowers.

“From Day One of my Administration, I vowed to improve the student loan system so that a higher education provides Americans with opportunity and prosperity – not unmanageable burdens of student loan debt. I won’t back down from using every tool at our disposal to get student loan borrowers the relief they need to reach their dreams,” he said.

The Supreme Court’s decision was based on the interpretation that the 2003 Heroes Act did not authorize the Secretary’s loan forgiveness program, as it only allowed for moderate or minor changes.

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