ST. LOUIS— President Joe Biden’s plan to forgive student loan debt for millions of borrowers was handed another legal loss Monday when a federal...
while it considered an effort by the states of Nebraska, Missouri, Iowa, Kansas, Arkansas and South Carolina to block the loan forgiveness plan.
Nebraska Attorney General Doug Peterson, a Republican, said in a statement that the ruling “recognizes that this attempt to forgive over $400 billion in student loans threatens serious harm to the economy that cannot be undone. It is important to stop the Biden administration from such unlawful abuse of power.”
Both federal cases centered around the Higher Education Relief Opportunities for Students Act of 2003, commonly known as the HEROES Act. It was enacted after the 9/11 terrorist attacks, allowing the secretary of education to waive or modify terms of federal loans in times of war or national emergency.
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Appeals court ruling keeps Biden student debt plan on holdST. LOUIS (AP) — 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.
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