Biden's student loan cancellation plan could soon proceed, as a judge dismissed Georgia's legal challenge, allowing the Biden administration to finalize the proposal for relief.
U.S. District Court Judge J. Randal Hall found that Georgia lacked legal standing to sue, deciding that the case should be handled in Missouri instead, where the states requested a block.
The plan aims to cancel up to $20,000 in student loan debt for borrowers, particularly targeting those who've experienced high interest accumulation and long repayment timelines.
As the Biden administration seeks to finalize the cancellation rule, it must navigate ongoing legal obstacles, following the Supreme Court's previous rejection of a different proposal.
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