In a 6-3 decision, Chief Justice John Roberts wrote for the majority, saying, “The Secretary asserts that the HEROES Act grants him the authority to cancel $430 billion of student loan principal. It does not. We hold today that the Act allows the Secretary to ‘waive or modify’ existing statutory or regulatory provisions applicable to financial assistance programs under the Education Act, not to rewrite that statute from the ground up.”

43 million Americans struggle to pay an average of $28,950 in student loans that can take decades to pay off according to Forbes. Sen. Bernie Sanders (I-VT) rose to popularity in both the 2016 and 2020 Democratic presidential primaries offering to wipe out all $1.6 trillion in student loan debt without any eligibility requirements, as well as making public colleges and universities free on a national level.

The Biden administration’s plan sought to eliminate $400 billion of student loans for roughly 40 million Americans making less than $125,000 or couples making less than $250,000. The Department of Education’s online form granted approved applicants up to $10,000 in loan forgiveness, and up to $20,000 for Pell Grant recipients, according to The Hill. Approximately 26 million Americans filled out the form and 16 million were accepted before the plan’s termination by the Supreme Court before the debt would be forgiven.

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This is a breaking news story and will be updated.