Defeat for Biden as U.S. Supreme Court rejects plan to cancel $400B in student loans

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The U.S Supreme Court handed President Joe Biden a painful defeat on Friday, blocking his plan to cancel $430 billion US in student loan debt — a move that had been intended to benefit up to 43 million Americans and fulfil a campaign promise.

The justices ruled against Biden in a 6-3 decision favouring six conservative-leaning states that objected to the policy. The court’s action dealt blow to the 26 million U.S. borrowers who applied for relief after Biden announced the plan in August 2022 and a political setback for the Democratic president.

Arkansas, Iowa, Kansas, Missouri, Nebraska and South Carolina challenged

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