U.S. President Joe Biden speaks about a U.S. Supreme Court ruling on affirmative action in the Roosevelt Room of the White House in Washington, DC, June 29, 2023.
Jim Watson | AFP | Getty Images
WASHINGTON — The White House said in a statement to NBC News that it strongly disagrees with the Supreme Court ruling against student loan forgiveness but intends to help borrowers nonetheless.
President Joe Biden will speak Friday and “announce new actions to protect student loan borrowers.”
In a 6-3 decision Friday, the Supreme Court struck down Biden’s plan to cancel student loan debt of up to $20,000 per borrower. The program is expected to help 40 million Americans and forgive more than $400 million in student loan debt.
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