The 6-3 decision effectively killed the $400bn plan, announced by the president last year, and left borrowers on the hook for repayments that are expected to resume by late summer
Under the plan, the administration proposed to forgive up to $10,000 in federal student debt for Americans earning less than $125,000 a year.
The ruling marks a political setback for the Democratic president, as tackling student loan debt was a key pledge he made on the campaign trail in 2020 to energise younger voters.Mr Biden's plan aimed to fulfil his campaign promise to cancel a portion of $1.6 trillion in federal student loan debt.It was criticised by Republicans who called it an overreach of his authority and an unfair benefit to college-educated borrowers while other borrowers received no such relief.
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