The U.S. Supreme Court has declined to reinstate President Joe Biden's latest student debt relief plan, which aims to reduce student-loan bills for millions of borrowers. This decision keeps the multibillion-dollar plan, known as the SAVE student loan repayment plan, on hold as it faces legal challenges from Republican-led states. The plan, which was temporarily blocked by the Eighth Circuit Court, is awaiting a ruling on the administration's authority to implement it. The Supreme Court's decision comes without any noted dissents from the justices.
