A federal appeals court has extended a block on President Joe Biden's student debt relief plan, marking a significant setback for the administration's efforts to lower monthly payments and accelerate loan forgiveness for millions of borrowers.
The decision came from the Eighth Circuit Court of Appeals, where all three judges, appointed by Republicans, unanimously voted in favor of the extension. They argued that the states challenging the plan have a 'fair chance' of winning their case at the highest level.
This ruling prevents the implementation of the SAVE student loan forgiveness program, which includes various debt relief measures and adjustments to repayment plans, until the legal challenge by Republican-led states is resolved.
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US Appeals court extends block on Biden student debt relief plan
All three of the court's justices, who were all appointed by Republicans, voted in favor of the block, and argued that the states have at least a "fair chance" of winning the case at the highest level.
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