Democratic President Joe Biden’s student debt plan was dealt a temporary defeat at the U.S. Supreme Court on Wednesday.
The “Saving on a Valuable Education” plan was a part of Biden’s student loan forgiveness program, which was also defeated by the Supreme Court in 2023.
Critics of Biden’s student debt plans say that loan ‘forgiveness’ is merely a euphemism for the debt being foisted upon the taxpayers.
It was passed in June 2023 and challenged by a lawsuit filed with the support of attorneys general from 11 Republican-led states, including South Carolina, Texas, and Florida. The lawsuit argued that the plan to forgive student debt far exceeded the repayment precedent that the Biden administration was claiming.
The Biden administration asked that the program be reinstated while the case is considered, but the court ruled that it would continue to be blocked.
A statement from some of the states in the lawsuit said that Biden’s new…
