A federal appeals court in St. Louis has created another roadblock for President Biden's student debt forgiveness program. Here’s where things stand:
The White House said 26 million people have applied for debt relief, and 16 million people had already had their relief approved.The ruling Monday was made by a three-judge panel from the 8th U.S. Circuit Court of Appeals in St. Louis, which has been considering an effort by the Republican-led states of Nebraska, Iowa, Kansas, Missouri, Arkansas and South Carolina to block the loan forgiveness program.
White House Press Secretary Karine Jean-Pierre said the administration is confident in its legal authority for the student debt relief plan.“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,” Jean-Pierre said.On Thursday, U.S. District Judge Mark Pittman — an appointee of former President Donald Trump based in Fort Worth, Texas —.
The law allows the secretary of education to waive or modify terms of federal student loans in times of war or national emergency. The administration said the COVID-19 pandemic created a national emergency.The plan has faced other legal challenges. In October, One lawsuit argued that the automatic debt cancellation would leave borrowers paying heavier taxes in states that impose a tax on canceled debt. The administration responded by allowing borrowers to opt out. Another suit alleged that Biden’s plan would hurt financial institutions that earn revenue on certain kinds of federal student loans. The White House responded by carving those loans out of the plan.
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EXPLAINER: Where does student loan forgiveness stand?A federal appeals court St. Louis has thrown up another roadblock for President Joe Biden’s plan to provide millions of borrowers with up to $20,000 apiece in federal student-loan forgiveness
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