The Supreme Court has officially shut down the Biden administration's student loan forgiveness plan.
The 6-3 decision ends the current administration's endeavors to distribute billions of dollars to Americans who personally chose to take out student loans.
The Biden plan, which has been on hold while waiting for a decision from the nation's highest court, was intended to wipe away up to $10,000 in student loans for individuals making less than $125,000 per year. The plan was executed solely through emergency powers during the Covid-19 pandemic and would have cost an estimated $40 billion.
"The Secretary’s plan canceled roughly $430 billion of federal student loan balances, completely erasing the debts of 20 million borrowers and lowering the median amount owed by the other 23 million from $29,400 to $13,600," wrote Chief Justice John Roberts in the majority opinion. "Six States sued, arguing that the HEROES Act does not authorize the loan cancellation plan. We agree."
As COS highlighted, the states made a huge impact by coming together as a powerful force against the abuses of the federal government.
Not only did the Biden administration bypass Congress and push the loan forgiveness plan through as an executive order, they did so through two roundabouts: claiming it’s related to the pandemic national emergency and using the Higher Education Relief Opportunities for Students (HEROES) Act of 2003, a bill that was passed in response to the 9/11 attacks.
Regardless of the decision, student loan payments have been on hold since the Covid-19 emergency and will resume at the end of August.
The Supreme Court's decision pushes back on the overreaching authority of the executive branch, a major success for the states and for We the People.
SEE ALSO: SCOTUS rules affirmative action unconstitutional
Convention of States is working to call an Article V convention so We the People can rein in the outrageous power abuses from both the executive branch and the federal government as a whole. It's time to return the power to the states.
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