ニューヨーク・タイムズのインスタグラム(nytimes) - 7月1日 00時00分

The Supreme Court ruled on Friday that the Biden administration had overstepped its authority with its plan to wipe out more than $400 billion in student debt, dashing the hopes of tens of millions of borrowers and imposing new restrictions on presidential power.

It was a resounding setback for President Biden, who had vowed to help borrowers “crawl out from under that mountain of debt.” More than 45 million people across the country owe $1.6 trillion in federal loans for college, according to government data, and the proposed debt cancellation, announced by Biden last summer, would have been one of the most expensive executive actions in U.S. history.

The vote was 6 to 3, with the court’s liberal members in dissent.

Read more live updates on the decision and what it means for those with student debt at the link in our bio.

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