A federal appeals court late Friday issued an administrative stay temporarily blocking President Joe Biden’s plan to cancel billions of dollars in federal student loans, throwing the program into limbo just days after people began applying for loan forgiveness. The Eighth Circuit Court of Appeals issued the stay while it considers a motion from six
President Biden’s student loan forgiveness plan is an unprecedented act of executive fiat. The plan to forgive up to $10,000 in student debt per individual making $125,000 or less will cost taxpayers $240 billion over the next 10 years. It’s patently unjust; it’s probably illegal; but worst of all, it does nothing to address the root causes of
President Joe Biden on Wednesday is set to announce his long-delayed move to forgive up to $10,000 in federal student loans for many Americans and extend a pause on payments to January, according to three people familiar with the plan. Biden has faced pressure from liberals to provide broader relief to hard-hit borrowers, and from
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