The Supreme Court on Monday agreed to hear a second bid to revive President Joe Biden’s student loan forgiveness plan, which will be heard in February alongside a case the justices have already agreed to hear.
In both cases, lower courts blocked the plan, meaning the Supreme Court will have the final say on whether it takes effect.
The case the court said on Monday it would take up involves two student loan holders, Myra Brown and Alexander Taylor, who claimed the administration failed to follow correct procedure in announcing the plan. A Texas federal judge struck it down nationwide, prompting the administration to turn to the Supreme Court.
In a brief order, the High Court said it would assess both whether Brown and Taylor had standing to bring their action and, if they did, whether the plan was legal.
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President Joe Biden’s plan to provide millions of borrowers with up to $20,000 in student loan forgiveness is now on hold after a US judge in Texas blocked the plan on Friday. Ayelet Sheffey with The Insider joins LX News to discuss what’s next for borrowers.