• The Supreme Court said it will hear arguments in February in a case challenging the Biden administration’s student loan debt relief plan.
    • But the Supreme Court kept in place a lower appeals court’s injunction that prevents that program from taking effect for now. The plan is estimated to cost $400 billion if it is allowed.
    • President Joe Biden’s plan would cancel up to $20,000 in debt for millions of people who took out student loans. About 16 million people so far had been approved for the program.
    • The administration agreed to extend a pause in required payments on federal student loans until after June, or until court-issued blocks on the debt forgiveness plan are removed.

    https://www.cnbc.com/2022/12/01/supreme-court-rules-in-biden-student-loan-forgiveness-plan-case.html