High court to rule on Biden student loan cancellation plan

Biden Lays Out Covid Battle Plan

WASHINGTON (AP) — The Supreme Court says the Biden administration program to cancel student loans will remain blocked for now, but the justices have agreed to take up the case in late winter. The court’s decision to hear arguments relatively quickly means it is likely to determine whether the widespread loan cancellations are legal by late June. That’s about two months before the newly extended pause on loan repayments is set to expire. The administration had wanted a court order that would have allowed the program to take effect even as court challenges proceed. But as a fallback, it suggested the high court hold arguments and decide the issue.