President Joe Biden announced new measures to provide student loan relief to Americans and condemned the U.S. Supreme Court for blocking a plan to cancel hundreds of billions of dollars in debt that was popular with his voters. | Reuters
“Today’s decision has closed one path. Now we’re going to start another,” Biden told reporters. “I believe the court’s decision to strike down my student debt relief program was a mistake, was wrong. I’m not going to stop fighting to deliver borrowers what they need, particularly those at the bottom end of the economic scale.”
Loan forgiveness would be offered to borrowers with balances of $12,000 or less after 10 years of payments rather than 20 years – a benefit aimed at helping community college graduates. “The President has more tools to cancel student debt – and he must use them,” Democratic Senator Elizabeth Warren, a leading progressive voice, said on Twitter after the Supreme Court’s decision and before Biden spoke.
About 53% of Americans supported Biden’s original student loan forgiveness program, while 81% of Democrats did so, a Reuters/Ipsos poll showed this year.Democrats want voters to see Biden fighting for student debt relief ahead of his re-election bid in 2024, hoping conservative rulings from the court on debt relief and affirmative action or race-conscious college admission considerations would galvanize them in the same way the court’s ruling to strike down abortion rights did in 2022.
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