President Biden announcing his Plan B on student debt.

Following the U.S. Supreme Court’s decision to reject President Joe Biden’s student debt relief plan Friday, the president announced the “new path” he will take to attain his goal of relieving “as many borrowers as possible.”

The high court, in a 6-3 ruling, struck down the plan to cancel up to $20,000 in federal student loan debt, arguing the president “had no right to cancel that debt.”

Prior to the president’s announcement, Business Insider reports U.S. Senator Bernie Sanders (I-Vermont) said, “Today, I am urging the Biden Administration to implement a Plan B immediately to cancel student debt for tens of millions of Americans who are struggling to pay the rent, put food on the table, and pay for the basic necessities of life. Despite this legally unsound Supreme Court decision, the President has the clear authority under the Higher Education Act of 1965 to cancel student debt. He must use this authority immediately.”

Biden followed suit, announcing the “Plan B” he believes is the next […]

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