The Supreme Court is expected to rule by the end of June on President Joe Bidens $400 billion student loan forgiveness plan. Who voted against The U.S. Supreme Court is close to wrapping up its current term. WASHINGTON The Supreme Court has ruled against President Joe Bidens plan to wipe away or reduce student loans held by millions of Americans. The Supreme Court has released several new decisions this week, but a ruling on President Joe Bidens student loan forgiveness program is still in the works. And at an estimated cost of $400 billion, the policy would be among the most expensive executive actions in U.S. history. The White House has said some 26 million Americans applied or automatically qualified for relief. Update June 8: The Supreme Court ruled against Alabama's defense of an electoral map drawn by the state's Republican-dominated legislature. The Supreme Court is expected hand down decisions in both cases by next June. Highs in the 90s, with afternoon pop up storms, Planet records unofficial new hottest day on record, climate scientists say, has ruled against President Joe Bidens plan, strike down affirmative action in college admissions, Here's when you'll have to start paying back your student loans, Supreme Court reveals decision on student loan forgiveness. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. More from Personal Finance:Tax 'refunds may be smaller in 2023,' warns IRS. There's no precedent for the kind of sweeping debt forgiveness the Biden administration is trying to carry out. a law professor at Northeastern University, Tax 'refunds may be smaller in 2023,' warns IRS. 2023 CNBC LLC. Unsurprisingly,the legal challenges poured in. And if not then, it will likely be issued this Thursday or Friday. In the Pacific Legal Foundation case, Indiana-based plaintiffs Frank Garrison and Noel Johnson said that they would be financially harmed if some of their student debt was automatically forgiven because they would incur state taxes on that canceled debt. How the Supreme Court Will Take on Biden's Student-Loan Jemal Countess | Getty Images Entertainment | Getty Images, President Biden announces student loan debt relief plan. Two legal challenges against the program made it to the high court: one brought by six GOP-led states Arkansas, Iowa, Kansas, Missouri, Nebraska and South Carolina and another backed by the Job Creators Network Foundation, a conservative advocacy organization. The case was argued in February. How did each Supreme Court justice vote in today's In January 2022, a three-judge federal court panel ruled unanimously that Alabama could and should have created two compact congressional districts with a majority, or close to a majority, of Black voters: two districts instead of just one. "Waiting to hear whether or not it will pass is nerve-wracking at best, debilitating at worst," said Richelle Brooks, 35, a single mother in Los Angeles whose monthly student loan payment was as high as $1,200 at one point. We want to hear from you. The nonpartisan Congressional Budget Office estimates the plan will cost around $400 billion. That was too much for Chief Justice John Roberts, a longtime critic of the Voting Rights Act, but who this time dissented along with the court's three liberals. Borrowers who received Pell Grants to go to college would get up to $20,000 of their debt canceled. T he Supreme Court voted to strike down President Joe Bidens student loan forgiveness plan on Friday, putting an end to a plan that could have wiped over $400 The Associated Press contributed to this report. Data is a real-time snapshot *Data is delayed at least 15 minutes. We want to hear from you. Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. votes WASHINGTON The Supreme Court has ruled against President Joe Bidens plan to wipe away or reduce student loans held by millions of Americans. The case was argued in November. The U.S. Supreme Court is close to wrapping up its current term. The Associated Press contributed to this report. The court went on to say that employers should not have to bear more than what it called, quote, "a de minimis," or trifling, cost. Two lawsuits have challenged the "And yet everyone's been put in limbo.". By a 7-to-2 vote, the court upheld the law's preferences for Native tribes when Indian children are adopted, ruling that the law does not discriminate on the basis of race and does not impermissibly impose a federal mandate on traditionally state-regulated areas of power. We provide the highest quality of service and utmost personalized level of support to our clients. Read more about the decision here and follow NPR's live coverage for the latest updates and reaction to this ruling. In a stinging defeat for President Joe Biden, the Supreme Court blocked the administrations student loan forgiveness plan Friday, rejecting a program aimed at Biden v. Nebraska Update June 30: In a highly anticipated decision, the Supreme Court on Friday struck down President Biden's groundbreaking plan to forgive WASHINGTON The Supreme Court has ruled against President Joe Bidens plan to wipe away or reduce student loans held by millions of Americans. The 6-3 decision, with conservative justices in the majority, effectively killed the $400 billion plan, announced by Biden last year. The fate of the Biden administration's sweeping student loan forgiveness plan now rests with the Supreme Court. Original story: At issue in Alabama's congressional redistricting plan adopted by the Republican state legislature after the 2020 census. Biden Can Cancel Student Debt Even If Supreme Court Blocks At least six lawsuits have been brought against the president's plan. Payments were previously scheduled to resume after December 31, but Biden said that it "isn't fair that tens of millions of borrowers that are eligible for relief to resume their student debt payments while the courts consider the lawsuit.". Read more about the ruling here. The The U.S. has been operating under an emergency declaration since March 2020. Here are the major Supreme Court decisions decided this Notifications can be turned off anytime in the browser settings. Now, however, religious groups of every kind are pressing a new and more conservative group of justices to overturn or modify the court's earlier ruling. So those interested in reading the decision as soon as it comes out can simply refresh that page starting at 10 am tomorrow. WebThe Supreme Court just finished issuing its biggest decisions of the term. Who voted against WASHINGTON The Supreme Court has ruled against President Joe Bidens plan to wipe away or reduce student loans held by millions of Americans. The Supreme Court will decide whether the Biden administration acted lawlessly when it authorized the cancellation of hundreds of billions of dollars in student WASHINGTON The Supreme Courthas ruled against President Joe Bidens planto wipe away or reduce student loans held by millions of Americans. Within two weeks, the Supreme Court justices should break for their summer recess. He said he could find "no apparent errors" in the way the lower court applied existing precedents. The Supreme Court will decide whether or not the president's debt relief policy causes harm to the plaintiffs or is an overreach of executive authority. "I would not be surprised if the court invalidated the executive order.". "Thus far they have succeeded. The White House has said some 26 million Americans applied or automatically qualified for relief. We want to hear from you. Justices appointed by Republican presidents voted to reject Biden's loan relief plan. Supreme Court Updated: 10:58 AM EDT June 30, 2023. Oral arguments on the dispute will take place in February, joining another case concerning Biden's program. In an unsurprising 6-3 ruling, the He said the conservative justices believe government agencies exert too much authority and "violate the separation of powers." What Is It? What he didn't say was whether the court should revisit some of those precedents. President Joe Biden. At its most extreme, the theory could eliminate not just state judicial power over elections, but governor's vetoes. In August, Preisdent Joe Bidenannouncedthat the U.S. Department of Education would deliver student loan forgiveness of up to $20,000 for tens of millions of Americans. Who voted against Who voted against Published 9:00 AM PDT, February 25, 2023. Its unlikely that all of the Courts remaining decisions will be released then, but several will be. "This case is a little tricky trickier than we might think at first glance," he said. Justices appointed by Republican presidents voted to reject Biden's loan relief plan. Striking down forgiveness will add to growing skepticism that the conservative justices vote for conservatives. Chip Somodevilla/Getty Images. All Rights Reserved. Who voted against In a poll conducted by The Economist and YouGov in August, 51% of respondents said they support Biden's loan relief plan.