Appeals Court Puts Biden’s Student-Loan Handout On Hold

  • The 8th U.S. Circuit Court of Appeals temporarily blocked implementation of President Biden’s student loan bailout.
  • The court sided with six Republican-led states that requested the bailout be halted while the court weighs a request for an injunction.
  • Biden’s plan aims to cancel up to $20,000 in student loan debt for Pell Grant recipients in college and up to $10,000 for others who borrowed using federal student loans.

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