A Missouri judge has temporarily blocked President Biden’s student loan forgiveness plan, halting relief efforts by the U.S. Department of Education. The ruling came one day after a federal judge in Georgia allowed a restraining order on the plan to expire. The legal challenge was brought by seven GOP-led states, claiming the debt relief program is illegal. The case has now moved to Missouri, where Judge Matthew Schelp will decide its fate. The decision has left borrowers in limbo, as the administration's plan to forgive student debt for millions remains paused.
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00:00It's Benzinga, and here's what's on the block.
00:02A Missouri judge has temporarily blocked President Biden's student loan forgiveness plan, halting
00:07relief efforts by the U.S. Department of Education.
00:10The ruling came one day after a federal judge in Georgia allowed a restraining order on
00:14the plan to expire.
00:16The legal challenge was brought by seven GOP-led states, claiming the debt relief program is
00:20legal.
00:21The case has now moved to Missouri, where Judge Matthew Shelp will decide its fate.
00:26The decision has left borrowers in limbo, as the administration's plan to forgive student
00:30debt for millions remains paused.
00:31For all things money, visit Benzinga.com.