The Biden administration on Friday asked the U.S. Supreme Court to rescue its student forgiveness plan, which has been blocked by two federal courts.
U.S. Solicitor General Elizabeth Prelogar filed documents urging the court to lift the injunction imposed this week by the 8th Circuit Court of Appeals. A federal judge in Texas also declared the plan unconstitutional in a separate case.
“The Eighth Circuit’s erroneous injunction leaves millions of economically vulnerable borrowers in limbo, uncertain about the size of their debt and unable to make financial decisions with an accurate understanding of their future repayment obligations,” Ms.