The Supreme Court blocked Biden’s student loan waiver

Blocked Biden’s student loan waiver

The Supreme Court of the country blocked the decision of the education loan waiver for students announced by the US President Joe Biden.

The Supreme Court of the country gave this verdict on Friday.

Joe Biden

The goal of Biden’s strategy was to obtain a loan forgiveness of up to $20,000.

Chief Justice John Roberts of the country’s Supreme Court gave this suspension based on a 6-3 majority.

According to CNBC and the Guardian, students in the US higher education sector have been in debt for decades. For this, students were demanding loan waiver. In response to their demands, President Joe Biden announced a waiver of at least $10,000 in student loans.

Biden Decision

Biden’s decision also received praise. According to Biden’s plan, students from low-income families will receive $20,000 in loan forgiveness. And those who did not get that grant, they will get 10 thousand dollar loan waiver. But here is a conditional. According to rumors, only people with annual incomes of less than 1 lakh twenty five thousand dollars will be eligible for this benefit.

Sources: BBC News

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