Appeals court ruling keeps Biden student debt plan on hold
Associated PressST. LOUIS — President Joe Biden’s plan to forgive student loan debt for millions of borrowers was handed another legal loss Monday when a federal appeals court panel agreed to a preliminary injunction halting the program while an appeal plays out. Part of the states’ argument centered around the financial harm the debt cancellation would cause the Missouri Higher Education Loan Authority. It is important to stop the Biden administration from such unlawful abuse of power.” White House Press Secretary Karine Jean-Pierre said in a statement that the administration believes there is legal authority for the program and that “it is necessary to help borrowers most in need as they recover from the pandemic.” “The Administration will continue to fight these baseless lawsuits by Republican officials and special interests and will never stop fighting to support working and middle class Americans,” the statement added. “Courts have issued orders blocking our student debt relief program,” the Education Department said on its federal student aid website.