The Court found that the Biden administration's plan to forgive student loan debt is a legitimate exercise of its authority under the Higher Education Act

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The Court rejected the argument that the administration exceeded its authority by using the pandemic as a pretext to forgive student loan debt

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The Court found that the individual borrowers who challenged the program did not have standing to sue

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The decision is a major victory for the Biden administration and student loan borrowers

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It is a welcome relief for student loan borrowers who have been struggling to repay their debt

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The decision is likely to have a significant impact on the economy, as it will free up billions of dollars in disposable income for borrowers to spend on other goods and services

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