President Biden’s student-loan plan would reduce or wipe out the debt of millions of borrowers.
But legal challenges might imperil the program moving forward. On Nov. 10, a federal judge in Texas struck down the debt-relief plan, calling it “an unconstitutional exercise of Congress’s legislative power.” The Supreme Court has now taken up appeals in that case and a related one, and is expected to decide the fate of the program, among other far-reaching implications, by the end of its term in late June.
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