UPDATE 2-US Supreme Court blocks Biden student loan forgiveness

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

"During February arguments in the loans case, Biden's administration said the plan was authorized under a 2003 federal law called the Higher Education Relief Opportunities for Students Act, or HEROES Act, which empowers the U.S. education secretary to "waive or modify" student financial assistance during war or national emergencies."Both Biden and his Republican predecessor Donald Trump relied upon the HEROES Act beginning in 2020 to repeatedly pause student loan payments and halt interest from accruing to alleviate financial strain on student loan borrowers during the COVID-19 pandemic."

"The ruling came a day after the Supreme Court effectively prohibited affirmative action policies long used by U.S. colleges and universities to raise the number of Black, Hispanic and other underrepresented minority students."

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

This is a negative sentiment.

"The court's action dealt blow to the 26 million U.S. borrowers who applied for relief after Biden aounced the plan in August 2022 and a political setback for the Democratic president."

This is a negative sentiment.

"The justices ruled against Biden in a 6-3 decision favoring six conservative-leaning states that objected to the policy."

This is a negative sentiment.

"Biden's plan fulfilled his 2020 campaign promise to cancel a portion of $1.6 trillion in federal student loan debt but was criticized by Republicans who called it an overreach of his authority and an unfair benefit to college-educated borrowers while other borrowers received no such relief."

This is a negative sentiment.

"Arkansas, Iowa, Kansas, Missouri, Nebraska and South Carolina challenged Biden's debt relief, as did two individual borrowers opposed to the plan's eligibility requirements."

This is a negative sentiment.

"Some 53% of Americans said they support Biden's debt relief, with 45% opposed, according to a Reuters/Ipsos poll from March, with respondents dividing sharply along partisan lines with Democrats broadly supportive and Republicans generally opposed."

This is a negative sentiment.

"Twenty-six million U.S. borrowers applied for relief between when Biden aounced the plan in August 2022 until last November, when lower courts blocked the plan."

This is a negative sentiment.

"During February arguments in the loans case, Biden's administration said the plan was authorized under a 2003 federal law called the Higher Education Relief Opportunities for Students Act, or HEROES Act, which empowers the U.S. education secretary to "waive or modify" student financial assistance during war or national emergencies."nnBoth Biden and his Republican predecessor Donald Trump relied upon the HEROES Act beginning in 2020 to repeatedly pause student loan payments and halt interest from accruing to alleviate financial strain on student loan borrowers during the COVID-19 pandemic.nn"

This is a positive sentiment.

"During February arguments in the loans case, Biden's administration said the plan was authorized under a 2003 federal law called the Higher Education Relief Opportunities for Students Act, or HEROES Act, which empowers the U.S. education secretary to "waive or modify" student financial assistance during war or national emergencies."nnBoth Biden and his Republican predecessor Donald Trump relied upon the HEROES Act beginning in 2020 to repeatedly pause student loan payments and halt interest from accruing to alleviate financial strain on student loan borrowers during the COVID-19 pandemic.nn"

This is a positive sentiment.

"Biden is seeking re-election next year."

This is a positive sentiment.

"Biden on Thursday said the court, with its conservative majority, was an institution out of touch with the country's basic values."

This is a positive sentiment.

"In the case brought by individual borrowers named Myra Brown and Alexander Taylor, a federal judge in Texas ruled in November 2022 that the plan exceeded the Biden administration's authority - a ruling that the New Orleans-based 5th U.S. Circuit Court of Appeals declined to put on hold pending appeal."

This is a positive sentiment.

"In the case brought by individual borrowers named Myra Brown and Alexander Taylor, a federal judge in Texas ruled in November 2022 that the plan exceeded the Biden administration's authority - a ruling that the New Orleans-based 5th U.S. Circuit Court of Appeals declined to put on hold pending appeal."

This is a positive sentiment.