President Joe Biden announced new actions aimed at extending debt relief to student loan borrowers after the Supreme Court struck down his plan to erase more than $400 billion in debt for those same borrowers.

The Supreme Court issued a 6-3 ruling blocking Biden's plan Friday morning. The decision comes ahead of the end of a three-year pause on student loan payments due to the coronavirus pandemic.

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During remarks delivered Friday at the White House, the president outlined what he has done to address student loan debt, including increasing Pell Grants, wide-scale loan forgiveness for teachers, firefighters, and other essential workers, and restructuring debt repayment plans.

The Department of Education also proposed new changes to income-driven repayment plans in January, allowing borrowers making less than $30,000 per year to opt-in to $0 monthly minimum payments. The proposal would also halve payments for borrowers not eligible for the $0 monthly payments. Enrollees in the plans would see the remainder of their debt forgiven after 20 years.

As for his new actions, Biden directed the White House and Department of Education to work "as quickly as possible" to release certain loans pursuant to the Higher Education Act.

The president also announced the creation of a temporary, 12-month "On Ramp Repayment Program," to go into effect once the pause on student loan payments lifts later this year. Biden said that the Department of Education won't refer borrowers enrolled in the program to creditors if they cannot make their payments.

The president did, however, urge borrowers who can make their payments to do so once the pause lifts.

Pressed by reporters after his remarks concluded, Biden denied giving borrowers "false hope" about loan forgiveness.

"I didn't give any false hope," the president responded. "I did what I thought was appropriate, what was able to get done. I didn't give borrowers false hope, but Republicans snatched away the hope that was given."

Progressive lawmakers and activists called on Biden to take new executive actions extending debt relief to student borrowers in the wake of the Supreme Court's decision.

"This plan to cancel student loan debt is really an opportunity to reduce the racial wealth gap," Wisdom Cole, the NAACP’s director of youth and college, told Bloomberg. "It’s really important to follow through on this plan that was a key promise on the campaign trail."

"This fight is not over," Sen. Elizabeth Warren (D-MA), one of the loudest supporters of student loan relief on Capitol Hill, said in a statement. "The President has more tools to cancel student debt — and he must use them."

Earlier in the day, the president also vowed that the "fight is not over" and attacked "the hypocrisy of Republicans."

"They had no problem with billions in pandemic-related loans to businesses — including hundreds of thousands and in some cases millions of dollars for their own businesses," he wrote in his first reaction to Friday's ruling. "And those loans were forgiven. But when it came to providing relief to millions of hard-working Americans, they did everything in their power to stop it."

Despite Biden's previous student loan plan, he has routinely expressed doubts about the White House's legal authority to unilaterally erase debt for student borrowers.

Before announcing his debt cancellation program, the president pushed Congress to make good on his campaign promise by passing a bill for him to sign into law.

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You can watch Biden's remarks in full below.