In the wake of the Supreme Court’s Friday ruling striking down the Biden administration’s student loan debt cancellation plan, Republicans are moving forward with their own proposed solution. Conservative lawmakers from both chambers, vocally opposed to the president’s landmark program, which they said was an overreach, celebrated the court’s decision.
Even with the 6-3 ruling against him, President Joe Biden on Friday laid out alternative options to his original call for sweeping debt forgiveness, though some specific details remain unclear.
“I’m announcing today a new path consistent with today’s ruling to provide student debt relief to as many borrowers as possible as quickly as possible,” he said. “We will ground this new approach in a different law than my original plan, the so-called Higher Education Act, that will allow [Education] Secretary [Miguel] Cardona … to compromise, waive or release loans under certain circumstances.”
