Supreme Court Refuses to Reinstate $475 Billion Student Loan Relief Program

The Supreme Court on Aug. 28 turned down President Joe Biden’s request to reinstate a $475 billion student loan relief plan weeks after an appeals court blocked the program. Justice Brett Kavanaugh referred the application to the full court which denied it. No dissents were recorded. The Supreme Court said it “expects that the Court of Appeals will render its decision with appropriate dispatch.” The case remains pending in the lower courts. The SAVE plan that Education Secretary Miguel Cardona first proposed in August 2022 would reduce monthly payments for millions of eligible borrowers and accelerate loan forgiveness for others. A reported 8 million borrowers have signed up for the program....