Biden’s Student-Loan Bailout Scheme Headed To High Court

Biden and Cardona

At a glance

  • The Department of Justice plans to ask the Supreme Court to revive President Biden’s unilateral scheme to cancel as much as $20,000 in college debt per borrower.
  • The Biden administration will ask the high court to reverse an injunction issued earlier in the week by the 8th Circuit Court of Appeals that prevented the program from moving forward.
  • Six Republican state officials brought suit against the administration, arguing that the debt bailout plan is unfair and unconstitutional.

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