The Supreme Court blocked the decision of US President Joe Biden’s student loan waiver. Biden’s plan aimed to get a student loan waiver of up to $20,000. Biden’s program was blocked by the Supreme Court’s ruling on Friday. News from CNN
Chief Justice John Roberts granted the stay based on a 6-3 majority.
For decades, US higher education has saddled students with debt. For quite some time, the students of the country have been demanding loan waiver.
The Biden administration has taken action in the context of their demand. President Joe Biden announced at least $10,000 in student loan forgiveness. Biden’s decision was praised by the country’s rights activists and lawmakers. But they say this step is not enough.
Under Biden’s plan, grant-aided students from low-income families would receive $20,000 in loan forgiveness. And those who did not get that grant, they will get 10 thousand dollar loan waiver. But here is a conditional. It is said that only those whose annual income is less than 1 lakh 25 thousand dollars will get this benefit.
