Supreme Court rules against Biden student loan debt handout

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https://www.foxbusiness.com/politics/supreme-court-rules-biden-student-loan-debt-handout

Supreme Court rules against Biden student loan debt handout

The Supreme Court ruled Friday that the Biden administration cannot go forward with its student loan debt handout program.

In a 6-3 decision, the court held that federal law does not allow the Secretary of Education to cancel more than $430 billion in student loan debt. 

"The Secretary’s plan canceled roughly $430 billion of federal student loan balances, completely erasing the debts of 20 million borrowers and lowering the median amount owed by the other 23 million from $29,400 to $13,600," Chief Justice John Roberts wrote for the majority. "Six States sued, arguing that the HEROES Act does not authorize the loan cancellation plan. We agree."

President Biden strongly disagreed with the court's decision and will make an announcement later today detailing new actions to protect student loan borrowers, a White House source told Fox News Digital. 

Bottom line, if you borrowed a six figure amount of money for that bachelor's in gender studies or lesbian dance theory, you are going to have to  pay it back, just like everybody else in America who takes out a loan. The fact that those degrees won't even buy you a job at McDonalds microwaving the menu is irrelevant.

The America taxpayer will NOT have to bail you out.

Thank GOD for this Supreme Court. Thank GOD LEGALLY ELECTED PRESIDENT TRUMP AND BOTH GEORGE BUSHES gave us this court.