U.S. District Court Judge J. Randal Hall dismissed Georgia from the lawsuit, determining it lacked the legal standing to challenge Biden's student loan cancellation plan. This ruling allows the plan to advance, potentially finalizing the cancellation rule soon.
Biden's student loan cancellation plan aims to erase $20,000 in debt for borrowers affected by high interest rates and lengthy repayment periods, benefitting approximately 30 million Americans.
Following the Supreme Court's rejection of his previous plan, Biden directed the Education Department to pursue a new cancellation strategy through federal rulemaking to assist borrowers with high debt burdens.
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