Federal Judge Halts Biden’s Student Loan Forgiveness Initiative, Leaving Millions in Uncertainty
Washington — A federal judge has put a temporary halt on President Joe Biden’s plan to forgive hundreds of billions of dollars in student loans, leaving many borrowers in a state of uncertainty. The decision arrived amid a whirlwind of legal challenges from conservative groups and states that argue the administration overstepped its executive powers. While the judge did not provide detailed reasoning behind the decision, the injunction puts a freeze on what has been touted as a landmark effort to alleviate the financial burden on former college students. The plan, which Biden highlighted as … Read more