President Joe Biden “strongly” disagrees with the US Supreme Court’s ruling ending his plan to forgive billions of dollars in federal student loans, a White House source said Friday.

“While we strongly disagree with the court, we prepared for this scenario,” said the official, speaking on condition of anonymity.

“The president will make clear he’s not done fighting yet, and will announce new actions to protect student loan borrowers,” the source added.

The court dealt Biden a significant political setback when it overruled his landmark program to cancel the student debt of millions of Americans.

It said Biden had overstepped his powers in canceling more than $400 billion in debt, in an effort to alleviate a financial burden that hangs over many Americans decades after they finish their studies.

Looking ahead to the 2024 presidential election, in which Biden is seeking a second term, the White House put the blame for his scuttled plan squarely on Republicans.

“We’ll also be makingit crystal clear to borrowers and their families that Republicans are responsible for denying them the relief that President Biden has been fighting to get to them,” said the White House official. (AFP)