President Biden’s student loan cancellation plan has once again been put on hold.
Yesterday, U.S. District Judge Matthew Schelp in Missouri further delayed Biden’s plan to cancel student loan debt for over 30 million Americans, temporarily blocking the administration from acting.
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The Supreme Court has previously rejected an earlier proposal that would have canceled debt for 43 million people.
Six Republican-led states had urged the Missouri judge to make the injunction, claiming the Education Department could “unlawfully mass cancel up to hundreds of billions of dollars in student loans as soon as Monday.”
In response, the Education Department said, “This lawsuit was brought by Republican elected officials who made clear they will stop at nothing to prevent millions of their own constituents from getting breathing room on their student loans.”
