A federal judge has temporarily blocked part of President Biden's student debt relief plan, siding with seven Republican states who filed a lawsuit against it.
The ruling represents another setback for Biden's student debt relief agenda, particularly after the Supreme Court upheld a hold on the SAVE program.
The plan aimed to assist 27 million borrowers by canceling interest accrued over time, but was challenged for potentially circumventing judicial review.
Key components include forgiving interest for eligible borrowers earning under specific income thresholds and a one-time cancellation of up to $20,000 in interest.
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