Supreme Court blocks Biden $10k-$20k student loan cancellation in Biden v. Nebraska

The U.S. Supreme Court issues a 6-3 decision in Biden v. Nebraska, striking down President Joe Biden's proposed student loan forgiveness program that would have cancelled up to $10,000 in loans for borrowers with incomes under $125,000 and up to $20,000 for Pell Grant recipients. The Court holds that the Higher Education Relief Opportunities for Students (HEROES) Act of 2003 does not grant the Secretary of Education authority to cancel $430 billion in federal student loan debt. Chief Justice John Roberts writes that the HEROES Act allows only narrow 'waivers or modifications' to existing provisions, not the creation of an entirely new forgiveness program. Justices Kagan, Sotomayor, and Jackson dissent, arguing the Secretary had sufficient statutory authority.