The court's decision to hear arguments relatively quickly means it is likely to determine whether the widespread loan cancellations are legal by late June.
The administration had wanted a court order that would have allowed the program to take effect even as court challenges proceed. But as a fallback, it suggested the high court hold arguments and decide the issue.
The Congressional Budget Office has said the program will cost about $400 billion over the next three decades.
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Supreme Court keeps student loan debt relief policy blocked for nowThe court's decision to hear arguments relatively quickly means it is likely to determine whether the widespread loan cancellations are legal by late June.
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