A federal judge has allowed a temporary restraining order against President Biden’s student loan forgiveness plan to expire, paving the way for the administration to proceed with its relief efforts. U.S. District Judge Randal Hall ruled in favor of the administration, citing Georgia’s lack of standing to sue. The judge transferred the case to Missouri, as the states argued Biden's plan would most impact the Missouri Higher Education Loan Authority. Republican-led states then requested a federal judge in Missouri to determine if the plan should remain blocked.
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00:00It's Benzinga, and here's what's on the block.
00:02A federal judge has allowed a temporary restraining order against President Biden's student
00:07loan forgiveness plan to expire, paving the way for the administration to proceed with
00:11its relief efforts.
00:12U.S. District Judge Randall Hall ruled in favor of the administration, citing Georgia's
00:17lack of standing to sue.
00:18The judge transferred the case to Missouri, as the states argued Biden's plan would
00:22most impact the Missouri Higher Education Loan Authority.
00:26The unled states then requested a federal judge in Missouri to determine if the plan
00:30should remain.
00:31For all things money, visit Benzinga.com.