The US Supreme Court has declined to reinstate President Joe Biden’s plan to cancel student debt balances for millions of borrowers, but justices will hear oral arguments in the case in February.
The nation’s high court will review whether the Biden administration can legally cancel outstanding federal student loan debt balances up to $10,000 for roughly 40 million Americans, or $20,000 for borrowers who relied on Pell grants to fund their college and university admission.
