On Friday (June 30), following the Supreme Court’s decision, former President Donald Trump blasted President Joe Biden’s unsuccessful student loan forgiveness plan, referring to the President as “crooked” as he celebrated the favorable Supreme Court decision in the Biden v. Arkansas case.
Addressing attendees at the Moms for Liberty Joyful Warriors National Summit in Philadelphia, Trump vilified Biden’s student loan forgiveness plan.
Biden’s plan — which the Supreme Court Rules was unconstitutional — would have given federal student loan borrowers upwards of $10,000 in forgiveness.
Biden’s plan was to cancel the debt of up to $10,000 for borrowers making less than $125,000 annually and $20,000 forgiveness for Pell Grant recipients.
Trump told the enthusiastic crowd that the loan forgiveness would “have been very unfair” to millions of Americans “who paid their debt through hard work and diligence.”
He noted the situation stemmed from Biden being “a corrupt president. Very corrupt,” suggesting that the student debt cancellation was an attempt by Biden and his administration “to buy votes.”
The Supreme Court’s majority opinion rejected the idea that the HEROES Act could allow for loan forgiveness, which is a setback for the Biden administration.
In the 6-3 majority opinion, Chief Justice John wrote that the Education “Secretary’s plan canceled roughly $430 billion of federal student loan balances,” which would erase the debts of about 20 million borrowers and reduce the average amount of the remaining 23 million borrowers from $29,400 to $13,600.
The Chief Justice noted the majority agrees with the challenges of six states that the loan cancelation plan proposed in the HEROES Act is not authorized by the act.
