The Supreme Court on Fri. struck down Pres. Biden's student loan forgiveness plan, halting relief for 43M+ debtors. (AP)

In a 6–3 decision, the Court rejected the Biden administration's argument that the program was lawful under the HEROES Act.

What is the HEROES Act? The 2003 law allows the government to "waive or modify" student debt during "national emergencies."

Writing for the majority, Justice John Roberts said that the law did not cover Biden's student loan relief plan. (AP)

Roberts: "[Precedent] requires that Congress speak ...before a department secretary can [act] unilaterally..." (NYT)

Justice Elena Kagan dissented: "The result...is that the court substitutes itself for Congress and the executive branch."

Pres. Biden's relief plan would have forgiven up to $20K+ in student debt for nearly 43M+ eligible borrowers. (NBC News)

According to the WaPo, 26M+ people applied for Biden's debt relief program before it was shut down; 16M+ were approved.

So, what now? NBC News reported Fri. that the White House would announce "new actions to protect student loan borrowers."

CNN legal analyst Elie Honig said Fri. the WH was out of options: "What next? There is no 'what's next' with this."

Nebraska AG Mike Hilgers, who sued Biden in the case, welcomed the decision Fri.: "Today is an important day for America."

Florida Rep. Maxwell Frost told MSNBC Fri. that he had hope for further action: "The president still has tools he can use."