Supreme Court Blocks Biden's Student Debt Relief Plan

The U.S. Supreme Court has declined to revive President Joe Biden's student debt relief plan, supporting Republican-led states that had contested it. This ruling blocks an initiative aimed at reducing monthly payments and accelerating loan forgiveness for millions of borrowers.

In a significant setback for the Biden administration, the U.S. Supreme Court declined on Wednesday to revive the President's student debt relief plan.

The Republican-led states that had sued to block the initiative received a boost as the justices rejected the administration's request to temporarily lift a judicial order pausing the plan.

The relief plan, designed to reduce monthly loan payments for millions of borrowers and expedite loan forgiveness for some, remains stalled following this ruling.

(With inputs from agencies.)