Rep. Virginia Foxx, R-N.C., says students will borrow more in the future thinking tax payers will pay it off on The Evening Edit.
A federal appeals court on Thursday issued a ruling that blocks the Biden administration from continuing to implement a new version of its student loan debt handout plan that is designed to reduce monthly payments for borrowers.
The U.S. Eighth Circuit Court of Appeals granted a request by seven Republican states to block portions of the Education Department’s plan that a lower court judge hadn’t previously blocked.
Last month, a U.S. District Court in St. Louis blocked the agency from moving forward with granting additional student loan forgiveness under the Biden administration’s Saving on a Valuable Education (SAVE) plan – though it didn’t block all elements of the plan.
President Biden has struggled to find a student loan handout plan that will pass judicial muster. (Photo by Justin Sullivan/Getty Images / Getty Images)
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This is a developing story. Please check back for updates.
Reuters contributed to this report.