A set of 2021 comments by then-House Speaker Nancy Pelosi (D-Calif.) ended up undermining President Joe Biden’s efforts to implement a student loan cancellation plan.
On Friday, the U.S. Supreme Court ruled 6-3 that Biden could not excuse student debt repayments through the Higher Education Relief Opportunities for Students Act of 2003 (HEROES Act) or any other authority belonging to the executive branch. Reinforcing their opinion, the court’s majority noted a July 28, 2021 press conference in which Pelosi also cast doubt on the possibility of student loan cancellation.
