Author Topic: Supreme Court to weigh Biden bid to restore student debt relief plan  (Read 352 times)

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 Supreme Court to weigh Biden bid to restore student debt relief plan
by John Kruzel - 12/01/22 2:59 PM ET

The Supreme Court on Thursday agreed to review the Biden administration’s effort to reinstate its student debt relief plan, but the justices declined to immediately revive the program.

In a brief unsigned order, the court indicated it would hear arguments in the case in February.

The move comes after the administration urged the Supreme Court last month to clear one of the legal obstacles blocking the policy.

The administration is currently fending off two separate rulings issued in recent weeks that have effectively halted President Biden’s student loan forgiveness plan, which would give federal borrowers making less than $125,000 a year up to $10,000 debt relief. 

The appeal to be heard by the justices arose after the St. Louis-based U.S. Court of Appeals for the 8th Circuit halted the loan relief program.

Separately, the New Orleans-based U.S. Court of Appeals for the 5th Circuit last night denied the administration’s request to revive the policy while it appeals a lower court ruling.

Biden’s policy, which the Congressional Budget Office estimates will cost about $400 billion over 30 years, has drawn numerous legal challenges. Its aim is to forgive up to $10,000 in federal student loan debt for those making under $125,000 annually and up to $20,000 for recipients of Pell Grants, which assist students from lower-income families.

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