The Supreme Court rejects Biden's attempt to quickly revive student-loan forgiveness — but it will take up the case early next year
Since the Supreme Court did not rule in favor of the Biden administration and allow the debt relief to be revived, the legal process will continue for months. This means that student-loan borrowers who have not yet applied for relief cannot submit their applications at this time, and the 26 million borrowers who have applied will not see a reduction to their loan balances anytime soon.
"It isn't fair that tens of millions of borrowers that are eligible for relief to resume their student debt payments while the courts consider the lawsuit," Biden said in a statement at the time."For that reason, the Secretary of Education is extending the pause on student loan payments while we seek relief from the court, but no later than June 30, 2023, which would give the Supreme Court an opportunity to hear the case in its current term.
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