Why Supreme Court seems likely to sink Biden’s loan forgiveness plan

Conservative justices holding the Supreme Court’s majority seem ready to sink President Joe Biden’s plan to wipe away or reduce student loans held by millions of Americans.

In arguments lasting more than three hours Tuesday, Chief Justice John Roberts led his conservative colleagues in questioning the administration’s authority to broadly cancel federal student loans because of the COVID-19 emergency.

Loan payments that have been on hold since the start of the coronavirus pandemic three years ago are supposed to resume no later than this summer. Without the loan relief promised by Mr. Biden’s plan, the administration’s top Supreme Court lawyer said, “delinquencies and defaults will surge.”

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