“Mr. President, why did you give millions of borrowers false hope? You have doubted your own authority here in the past,” reporter Jacqui Heinrich said as Biden wrapped up a press conference.
The president glared at Henry. “I didn’t raise false hopes,” he said, emphasizing the last few words. “The question was whether I would do more than was asked. What I did I thought was appropriate and could be done and would be done. I have not given borrowers false hope. But the Republicans snatched away the hope they had been given. And it’s real. Real hope.”
The conservative-majority court decided 6 to 3 that the president did not have the authority to single-handedly erase such debts, bringing Biden’s initiative to forgive up to $20,000 in repayment obligations for more than 40 million loan holders to was sunk.
“I will never stop fighting for you,” the president promised borrowers. “We will use every tool at our disposal to get you the student debt relief you need and achieve your dreams. It’s good for the economy. It’s good for the country. It will be good for you.”