The U.S. Supreme Court on Wednesday denied President Joe Biden his plan to force taxpayers to pay off the debts of college students, at least until the lawsuits against the Biden Administration make their way through the appeals courts.
Last year, the court also halted a Biden Administration plan to transfer $400 billion in college loan debt to taxpayers.
Under the now-dead Biden plan, student loan borrowers would not have to make payments on they loans if they earn less than $32,800 a year.
A coalition of states filed a legal challenge in April against the Biden Administration’s efforts to at least partially forgive the debts of 30 million Americans, transferring those debts to working class Americans. Biden has pursued loopholes to get around the Supreme Court.
A year ago, the Education Department finalized its Saving on a Valuable Education, or SAVE plan, after the court had already said that Biden could not do what he intended to do, which was to transfer the debts of Americans to other Americans.
