The Supreme Court blocked President Joe Biden’s plan to cancel up to $20,000 each in federal student loan debt for millions of borrowers on Friday, June 30. In a 6-3 decision, the conservative majority ruled the Biden administration overstepped its authority with the plan, which would have cost around $400 billion, according to budget office…

The Supreme Court struck down President Biden’s plan to forgive $10,000 to $20,000 in student loans for 43 million people. In a 6-3 decision, the justices ruled that Congress did not authorize the secretary of education and President Biden to take the sweeping and expensive action unilaterally. The program was expected to cost more than…