Supreme Court to Keep Biden Student Debt Relief Plan on Hold as It Considers Challenge

The Supreme Court has agreed to hear a case challenging President Joe Biden’s student debt relief plan. On Thursday, the court said it would allow decisions by lower courts blocking debt relief to stand while the case proceeds. Oral arguments are scheduled for February. Biden’s plan calls for the cancellation of up to $20,000 in student debt for tens of millions of borrowers. In a statement, the Student Borrower Protection Center said, “Once again, the credibility of the Supreme Court rests on its ability to recognize what we all know to be true: Canceling student debt is legal and necessary to secure the financial futures of 40 million Americans.”