The Supreme Court's decision maintains a temporary pause on President Biden's effort to cancel significant student debt, particularly affecting borrowers enrolled in the SAVE program.
This latest court ruling leaves in limbo millions of borrowers, especially those in the Biden administration's SAVE program, which adjusts payments based on household size and earnings.
The justices' order is a result of an emergency application from the Biden administration, responding to a prior appeals court decision that paused the program.
The Supreme Court's ruling represents another setback for the Biden administration's ongoing attempts to provide debt relief, amidst challenges from Republican-led states.
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