Supreme Court to Hear Student-Loan Case, Keeps Plan on Hold (3)

The US Supreme Court kept President Joe Biden’s student-loan relief plan on hold while agreeing to hear arguments likely to produce a definitive ruling by June in a high-stakes showdown over presidential power.

The justices declined for now to lift a federal appeals court decision that is blocking the program. But they granted the administration’s request for fast-track review of a challenge to the plan by six Republican-led states. The court indicated it will hear arguments in late February or early March.

Biden’s plan could cost an estimated $400 billion. The program would forgive as much as $20,000 in ...