Federal Judges Halt President Biden's Latest Student Debt Forgiveness Plans

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Joe Biden News

Student Debt,Loan Forgiveness,Missouri

Federal judges have put the brakes on one of President Biden's plans to tackle student debt saying the administration does not have the authority to wipe out billions of dollars in debt. Only Congress can. This puts debt relief for millions of Americans in jeopardy.

It's a campaign promise President Biden keeps trying to deliver on. But once again, one of his plans to forgive billions of dollars in student debt has been blocked by federal courts.

Missouri's attorney general is behind one of several lawsuits filed against Biden's income-driven repayment plan known as"SAVE," which aimed to wipe out remaining balances and cut payments for millions of borrowers.A federal judge in Missouri agreed and ordered the Biden Administration to stop further cancellations of student debt under this program.

 

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