U.S. Judge In Texas Strikes Down Biden Loan-Forgiveness Plan
Fort Worth District Court Judge Mark Pittman said President Biden's student loan forgiveness program usurped Congress' power to make laws.
LEARN MOREReport: White House Mulling Options To Ease Student Loan Debt
President Biden said student loan payments would resume in January. But that was before two courts blocked his executive order that forgives $20K.
Report: White House Mulling Options To Ease Student Loan Debt
Susan Walsh / AP
November 15, 2022
As student loan debt relief is being blocked by the courts, the Biden administration is now exploring its options.
According to The Washington Post, the White House may circumvent the legal roadblocks by extending the current moratorium on loan repayments.
That moratorium was first issued under former President Trump as a way to ease the financial burdens brought about by the pandemic.
In August, President Biden announced that payments would resume in January.
Court Temporarily Blocks Pres. Biden's Student Loan Forgiveness
The Eighth Circuit Court of Appeals issued the stay Friday evening, temporarily blocking the Biden administration's loan forgiveness program.
LEARN MOREBut, that was before two courts blocked his executive order that forgives up to $20,000 in student loan debt per borrower.
The White House is appealing those rulings, but hasn't made a decision on any additional steps.
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