The Supreme Court rejected a Biden administration plea Wednesday that sought to revive the Savings on a Valuable Education (SAVE) plan to tackle federal student loan debt.

In a brief order, the court denied an emergency request filed by the administration that sought to lift a nationwide injunction imposed by an appeals court.

There were no noted dissents, CNBC reported.

The Education Department issued a regulation finalizing SAVE in July 2023, the month after the Supreme Court ruled that the administration lacked authority to implement PresidentJoe Biden's earlier loan forgiveness program.

The new effort, like the previous one, was...