BREAKING: The Supreme Court said Thursday it will take up a court fight between the Biden administration and a coalition of six Republican-led states challenging the legality of the president's student loan forgiveness program.
on federal student loan payments until June 30, 2023, to give the court time to consider the dispute.
"The Eighth Circuit's erroneous injunction leaves millions of economically vulnerable borrowers in limbo, uncertain about the size of their debt and unable to make financial decisions with an accurate understanding of their future repayment obligations," Prelogar, the solicitor general, told the Supreme Court in a filing.
The Missouri court dismissed the suit for lack of legal standing, but the U.S. Court of Appeals for the 8th Circuit "On the merits, the plan falls squarely within the plain text of the secretary's statutory authority," Prelogar told the court."Indeed, the entire purpose of the HEROES Act is to authorize the secretary to grant student-loan-related relief to at-risk borrowers because of a national emergency — precisely what the secretary did here."
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