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Republicans reacted to the Supreme Court’s Friday decision to strike down Joe Biden’s controversial student loan forgiveness plan, which was a cornerstone of his 2020 presidential campaign.
According to Fox Business, the court ruled 6-3 to nix the plan, which would have doled out a whopping $430 billion in student loan forgiveness to American citizens.
House Speaker Kevin McCarthy, R-Calif, reacted to the news on Twitter, writing, “BREAKING —> President Biden’s student loan giveaway is ruled UNLAWFUL. The 87% of Americans without student loans are no longer forced to pay for the 13% who do. This builds on the Fiscal Responsibility Act’s end to the payment pause. The President must follow the law.”
U.S. Sen. John Barrasso, R-Wyo., additionally released an official statement on the court’s decision.
He wrote:
“Today’s decision is a victory for every American who played by the rules and worked hard to pay off their own debt. Senate Republicans warned that President Biden’s student loan scheme was unconstitutional. Today’s decision confirms that. We will block any attempt by President Biden and Congressional Democrats that continues this executive overreach and reckless spending. The 87% of Americans with no student loan debt should never be forced to pay off the debt of the 13% who do.”
Chief Justice John Roberts, writing for the majority of the court, explained, “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…Six States sued, arguing that the HEROES Act does not authorize the loan cancellation plan. We agree.”
This is the third major victory from the Supreme Court this week for conservatives in the wake of the court’s rulings to terminate race-based college admissions and protect freedom of religion in an anticipated Colorado case (303 Creative et al. v. Elenis et al.).
