Supreme Court rejects Biden bid to restore student loan bailout

The Supreme Court opted Wednesday against restoring President Biden’s student loan handout — at least for now.

The high court rebuffed a request by the Harris-Biden administration’s Justice Department to lift an injunction imposed by a lower court halting the write-off while lawsuits opposing the plan make their way through the legal system.

“The [Supreme] Court expects that the Court of Appeals will render its decision with appropriate dispatch,” the brief unsigned order said. There were no noted dissents.

Seven Republican-led states have sued to block Biden’s Saving on a Valuable Education (SAVE) plan, the president’s latest attempt to cancel hundreds of billions in federally held student loan debt after the justices nixed his bid to do so under the HEROES Act in 2023.

Read more at https://nypost.com/2024/08/28/....us-news/supreme-cour

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