SUMMARY: The Supreme Court has blocked the Biden administration's plan to provide student debt relief, preventing over 40 million borrowers from receiving loan forgiveness. This is a significant setback for President Biden and his promise to cancel $10,000 of student loans for low- and middle-income borrowers. The court's decision limits Biden's options to deliver on this commitment. The plan would have canceled up to $20,000 in loans for Pell Grant recipients and $10,000 for other borrowers, with income limits. The court's conservative majority cast doubt on the Education Department's authority to forgive student debt. The decision puts pressure on the administration to find alternative solutions quickly.

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