Court blocks Biden’s plan for student loan forgiveness

The court stopped the decision to waive 10,000 dollars of student loans announced by US President Joe Biden. On Friday, the United States Court of Appeals suspended Biden’s decision for the time being. Earlier, a judge dismissed a lawsuit challenging the Republican-led six-state debt forgiveness program. A day later, the court gave such a verdict regarding the student loan waiver. Reuters news
The US Eighth Circuit Court of Appeals granted an emergency stay. A St. Louis-based appeals court also ordered an expedited hearing on the matter.

However, students can appeal against this suspension of the court. White House Press Secretary Karin Jean-Pierre said the court’s temporary order does not mean the students cannot appeal it. “We are encouraging qualified borrowers to join the nearly 22 million Americans,” he said. to the Department of Education who already have the information. It is important to note that this order does not constitute a dismissal of the trial court’s case or a finding of merit in the case.’

For decades, US higher education has saddled students with debt. For quite some time, the students of the country have been demanding loan waiver.

The Biden administration has taken measures in the context of their demands. President Joe Biden announced at least $10,000 in student loan forgiveness. Biden’s decision was praised by the country’s rights activists and lawmakers. But they say this step is not enough.

Under Biden’s plan, grant-aided students from low-income families would receive $20,000 in loan forgiveness. And those who did not receive the grant, will get the benefit of 10 thousand dollars loan waiver. But here is a conditional. It is said that only those whose annual income is less than 1 lakh 25 thousand dollars will get this benefit.