Friday, October 10, 2025

U.S. Supreme Court strikes down student loan forgiveness plan

(BBC News) The U.S Supreme Court has struck down President Joe Biden’s proposal to wipe out billions in student debt

The 6-3 ruling effectively cancels the plan, which would have forgiven about $10,000 per borrower — and up to $20,000 in some cases.

The decision affects the loans of more than 40 million U.S. residents.

It has left the U.S. public “angry,” Biden said. He pledged to put in place new measures to reduce university debt using other existing laws.

The loan-forgiveness plan has been in limbo since some conservative states sued, arguing the president overstepped his authority. The Supreme Court agreed.

The total federal student debt has more than tripled over the past 16 years, rising from about $500 billion in 2007 to $1.6 trillion today.

 

https://www.bbc.com/news/world-us-canada-65931653

BIG Media
BIG Media
Our focus is on facts, accurate data, and logical interpretation. Our only agenda is the truth.
spot_img

BIG Wrap

White House criticizes Nobel Committee for not awarding Peace Prize to Trump

(BBC News) The White House has accused the Nobel Committee of placing "politics over peace" for awarding its most coveted prize to a Venezuelan...

Russia’s Putin says ‘no big deal’ if U.S. won’t extend nuclear warhead limits

(Al Jazeera Media Network) President Vladimir Putin has said Russia is developing new strategic weapons, while noting that an arms race is already in...