Biden student debt scam halted by court challenges

Source: BBC News [UK State Media]

“Two federal courts have temporarily blocked key portions of US President Joe Biden’s student loan debt relief and repayment plan. The dual rulings blocks potential debt relief that millions of borrowers may have seen in less than a week. The White House said it would ‘continue to vigorously defend’ its forgiveness and repayment proposals. More than one in 10 Americans hold federal student debt — and it is a major election issue for young voters. To date, Mr Biden has approved nearly $150bn (£118bn) in relief affecting close to five million people — but largely through executive actions, and not via Congress. The president’s broader ambitions for mass relief have, however, been stymied, with the Supreme Court last year striking down a major proposal to cancel as much as $400bn in loans.” (06/25/24)