SCOTUS ruled that student loan forgiveness is dead

 If you were looking forward to this it's over, if nothing else the Biden Administration needs to come up with a new plan. From the New York Post.

The Supreme Court ruled Friday that President Biden’s controversial program to forgive student loan debt for roughly 40 million borrowers exceeded his executive authority.

On the last day before the high court’s summer recess, the six conservative justices ruled the $400 billion plan could not use an earlier 2003 law meant to help veterans of the Iraq and Afghanistan wars to implement the program.

The other three liberal justices dissented against the ruling.

Biden last August announced his student loan forgiveness plan, which aimed to cancel up to $20,000 in student loan debt for certain borrowers.

But the program was met with fierce resistance from many GOP lawmakers who questioned its legality.

If you borrowed federal student loans you could get up to $10,000 forgiven if you meet certain income guidelines. You could also get up to $20,000 if you used Pell Grants to attend a university.

h/t Newsalert

If you want to read the opinion itself, I found it via SCOTUSBlog.