Supreme Court , Derails Biden's Plan for , Student Debt Relief.<br />On June 30, the Supreme Court ruled that <br />President Joe Biden's student debt relief plan <br />was an unlawful exercise of presidential power. .<br />On June 30, the Supreme Court ruled that <br />President Joe Biden's student debt relief plan <br />was an unlawful exercise of presidential power. .<br />NBC reports that the justices <br />were divided on the 6-3 ruling <br />along ideological lines. .<br />The court also rejected the administration's argument that the 2003 Higher Education Relief Opportunities for <br />Students Act, or HEROES Act, gave the president authority.<br />According to that law, the government <br />could provide relief for student debt <br />under a "national emergency.".<br />The plan would have allowed those<br />eligible to cancel up to $20,000 in debt <br />and would have cost over $400 billion. .<br />In October, the 8th U.S. Circuit Court of Appeals <br />blocked the plan with a temporary hold. .<br />Approximately 43 million people in the U.S. would <br />have been eligible to take part in the program.<br />NBC points out that tackling student debt <br />was a key point made by Biden while <br />speaking on the campaign trail in 2020.<br />According to White House officials, Biden <br />is expected to announce new actions aimed <br />at protecting student loan borrowers. .<br />Meanwhile, at the end of August, the student loan <br />repayment process is set to start back up after <br />being put on hold amid the COVID-19 pandemic.<br />First payments will reportedly be due in October
