Biden's student loan forgiveness plan suffers huge blow as two federal judges block key measure that would cost nation $160 BILLION - here's what if means for you
Two federal judges in Kansas and Missouri on Monday sided with GOP-led states
The Biden Administration has already approved almost $160 billion in relief
READ MORE: Student loan forgiveness update: Key deadline extended by Biden
By Stephen M. Lepore For Dailymail.Com and Reuters
Published: 19:59 EDT, 24 June 2024 | Updated: 07:05 EDT, 25 June 2024
Joe Biden's student debt relief plan suffered a major hit Monday as two federal judges partially blocked a measure of a plan that is costing the nation $160 billion.
Two federal judges in Kansas and Missouri on Monday sided with several Republican-led states and stopped the Democrat from moving forward with a key student debt relief initiative.
In total, the Administration has already approved almost $160 billion in relief for nearly 4.6 million borrowers.
U.S. District Judge Daniel Crabtree in Wichita, Kansas, blocked the U.S. Department of Education from proceeding with parts of a plan set to take effect July 1 designed to lower monthly payments and speed up loan forgiveness for millions of Americans.
He ruled shortly before U.S. District Judge John Ross in St. Louis, Missouri, issued a preliminary injunction barring the department from granting further loan forgiveness under the administration's Saving on a Valuable Education (SAVE) Plan.
more
https://www.dailymail.co.uk/news/article-13565361/Bidens-student-loan-forgiveness-plan-suffers-huge-blow-federal-judges-block.html
