Say it ain’t so! According to The Hill, a federal appeals court has temporarily blocked President Biden’s student loan forgiveness program from continuing following an appeal from six Republican-led states. Reports state that the US Court of Appeals for the 8th Circuit ruled Friday that the policy to cancel thousands of dollars in student loan debt should be put on hold while challenges play out.
Roommates, as you know, President Biden’s plan would cancel up to $10,000 in student loan debt for borrowers earning less than $125,000 per year. Those who received Pell Grants could receive up to $20,000 in relief. This is a developing story, and we will keep you updated!