WASHINGTON, June 30 (Reuters) - President Joe Biden plans to announce new actions on Friday to protect student loan borrowers following a U.S. Supreme Court ruling that blocked his plan to cancel $430 billion in student loan debt, a White House source said.
"The president will make clear he’s not done fighting yet, and will announce new actions to protect student loan borrowers," said the source, who spoke on condition of anonymity.
In a 6-3 decision on Friday, the Supreme Court blocked Biden's plan to cancel $430 billion in student loan debt.
Republicans argued that Biden's initial student loan relief plan was unconstitutional and unfair.
"Americans saw right through this desperate vote grab, and we are thankful that the Supreme Court did as well."
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