Supreme Court to Review Biden’s Borrower Defense Rule

The Supreme Court agreed Friday to review President Biden’s borrower-defense rule that aimed to make it easier for a defrauded student loan recipient to seek debt relief.  The rule, finalized in October 2022, has been on hold since summer 2023 after the U.S. Court of Appeals for the Fifth Circuit put the regulations on hold. That court later granted a preliminary injunction in April, ruling that Biden’s policy had “numerous statutory and regulatory shortcomings.”