The justices rejected an administration request to put most of the latest multibillion-dollar plan back into effect while lawsuits make their way through lower courts.
The 5th Circuit Court rejected a Education Department appeal on Wednesday, the latest setback in several parallel lawsuits. The administration is expected to ask the Supreme Court to weigh in.
President Biden's plan to forgive hundreds of billions of dollars in student debt will help millions – but it's also raising concerns about inflation, economic fairness and college tuition costs.