Supreme Court keeps on hold Biden's scaled-down plan to reduce student loan debt

The Supreme Court on Wednesday kept on hold a plan by President Biden to reduce student loan monthly payments for millions of borrowers and cancel loans after they have been paid on for 20 years.

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In a brief order with no dissents, the justices denied an emergency appeal from the administration and said it would wait for a further ruling from a U.S. appeals court in St. Louis, which blocked Biden's plan from taking effect. 

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"The court expects that the court of appeals will render its decision with appropriate dispatch," the order said. 

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The judgment is at least a temporary setback for the administration and signals the court's conservatives doubt Biden's claim that the president can cut student debt by hundreds of billions.  

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Republican attorneys general from Missouri and 10 other states had sued to block Biden's latest plan, arguing it was extraordinarily costly and went beyond what the law allowed. 

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In June, Kansas and Missouri district judges ruled for them. A nationwide ruling from the 8th Circuit Court in St. Louis in early August barred the Education secretary from "forgive approximately $475 billion in federal-student-loan debt."  

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Two weeks ago, Solicitor Gen. Elizabeth Prelogar urged the high court to lift that order or to narrow its scope. 

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