The Supreme Court on Friday struck down the Biden administration’s plan to cancel student-loan debt, giving opponents and proponents of loan forgiveness the chance to square off again on a debate that’s gripped Americans for months.
Biden’s plan aimed to cancel up to $10,000 in federal loan debt for borrowers earning less than $125,000 and up to $20,000 for borrowers who met that criteria and also used a Pell grant in college. Americans owe an estimated $1.7 trillion of student loans and the White House had said that more…