U.S. President Joe Biden speaks about the U.S. Supreme Court’s ruling on affirmative action in the Roosevelt Room of the White House in Washington, DC on June 29, 2023.

Jim Watson | AFP | Getty Images

WASHINGTON — The White House said in a statement to NBC News that it strongly disagrees with the Supreme Court’s decision against federal student loan relief, but still intends to help borrowers.

The Supreme Court decided on Friday 6-3 decisions against the president Joe Biden‘s plan to cancel up to $20,000 in student loan debt per borrower. The venture would help an estimated 40 million Americans and forgive more than $400 million in student loan debt, making it one of the most expensive executive actions in history.

Biden will deliver remarks Friday and “announce new measures to protect student loan borrowers.”

He is also likely to criticize the Supreme Court in his remarks and expand comments he made on Thursday in response to the court’s decision refusal to use affirmative action in college admissions. Asked if it was a “rogue trial,” Biden told reporters that it was “not a normal trial.”

Speaking on MSNBC’s “Deadline: The White House” later Thursday, Biden said the current Supreme Court “has done more to unravel fundamental rights and fundamental decisions than any court in recent history.”

“I think some on the court are beginning to realize that their legitimacy is being questioned in a way that has not been questioned in the past,” the president said.

Crucial Friday will place millions of student loan borrowers back to zero as a payment pause introduced at the beginning the Covid pandemic ends in October. During the moratorium, put in place under the Trump administration, borrowers did not have to repay their loans, nor did the loans accrue interest.

Last summer, Biden announced his plan to eliminate $10,000 in student debt for borrowers with incomes below $125,000 or married couples with incomes below $250,000. Pell grant recipients were eligible for a waiver of up to $20,000 under the proposal.

This is the latest news. Please check for updates.

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