US appeals court blocks all of Biden student debt relief plans
A U.S. federal appeals court has inhibited the Biden administration from implementing new student debt relief plans, according to an article published in Reuters.
The plans — designed to decrease the student loan payments of millions of eligible American borrowers and forgive 10-year-old debts with principal balances at or below $12,000 — were put on hold after the 8th U.S. Circuit Court of Appeals in St. Louis fulfilled a request made by seven Republican-led states.
As a result, the U.S. Department of Education will not be permitted to grant any additional student loan forgiveness. Already, the department has granted a total of $5.5 billion to over 400,000 American borrowers under the Biden administration’s Saving on a Valuable Education Plan.
The ADA continues to advocate for student loan debt relief, including legislation that would lower interest rates overall and pause the accrual of interest and payments on federal student loans for dental students in residency.
Read more: Reuters
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