President says ‘the court misinterpreted the constitution’ as he announces intention to use another law for debt forgiveness
Joe Biden vowed the “fight was not over” on Friday after the US supreme court ruled against his landmark student debt forgiveness plan.
“I think the court misinterpreted the constitution,” the president said, delivering remarks at the White House and announcing his intention to pivot to another law to find another path forward.
The 6-3 decision from the court dealt a blow to an estimated 40 million borrowers who had hoped the $430bn plan would allow the 2003 Heroes Act to help curb the ongoing costs of their education. The law gave the secretary of education authority to make changes to any provision of applicable student aid program laws in the aftermath of the September 11 terrorist attacks in 2001.
Biden said 16 million people had already been approved for the program, which would have given them $10,000 to $20,000 in relief.
