The Fly

Supreme Court keeps Biden student debt relief plan on hold, Bloomberg says

The Supreme Court will keep President Joe Biden’s student loan relief plan on hold while it agreed to hear arguments likely to lead to a ruling in June, reported Bloomberg. The high court declined for now to lift a federal appeals court decision that is blocking the program, but agreed to fast-track a review of the challenge to the plan and will hear arguments in early February or late March, Bloomberg’s Greg Stohr reported. Companies that may be impacted by student loan forgiveness plans include Navient (NAVI), SoFi Technologies (SOFI), Nelnet (NNI) and SLM (SLM).

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