The U.S. Supreme Court on Thursday confirmed it will hear an emergency challenger to President Joe Biden’s student loan debt program and will keep the plan on hold.
In a brief order, the high court wrote that it would hear oral arguments in February of next year. But in the interim, the Biden administration’s program will remain blocked.
Announced by Biden in August—about two months before the Nov. 8 midterm elections—the plan would cancel hundreds of billions of dollars in federal student loan debt. The Congressional Budget Office estimated earlier this year that Biden’s plan would cost around $400 billion, and the Education Department had said it would total about $379 billion….}