Cancelling hundreds of billions of dollars in student loan debt cannot be done by President Joe Biden and his administration, the U.S. Supreme Court ruled Friday. In a 6-3 opinion, the court said Biden’s administration did not have the authority to unilaterally cancel student loan debt, blocking the president’s plan to cancel $10,000 per borrower. Justices Elena Kagan, Sonia Sotomayor and Ketanji Brown Jackson dissented in the case known as Biden v. Nebraska.
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