A federal appeals court ruled against President Joe Biden's $400 billion student loan forgiveness program.
The brief order from the New Orleans-based U.S. Court of Appeals for the 5th Circuit let stand a lower court ruling that had blocked the program's implementation. In response to a barrage of lawsuits, the Biden administration hadThe lawsuit was filed by the conservative-leaning Job Creators Network Foundation, which describes itself as"a nonpartisan organization founded by entrepreneurs who believe the best defense against bad government policies is a well-informed public." U.S.
One of the plaintiffs in the case has more than $17,000 in student loans but is ineligible for the program because her debt is commercially held, according to court documents. Another plaintiff has more than $35,000 in federal student loans but is ineligible for the full relief because he did not receive a Pell Grant.
"They believe it is irrational, arbitrary, and unfair" to not receive the full benefits of the program, their attorneys argued. And, they said, they would"be severely harmed" if the program is implemented because they would be"deprived of their procedural rights."
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