Federal court in Texas struck down Biden's student loan forgiveness program
Federal court in Texas struck down Biden's student loan forgiveness program
Federal judge in Texas struck down the program student loan forgiveness program declaring it illegal
Biden administration has faced several legal challenges to the student loan forgiveness program since it was announced in August
Under Student loan forgiveness program Under the eligible low and middle class income borrowers can receive up to $10,000 of federal student loan forgiveness
Up to $20,000 in cancellation if they also received a Pell grant while enrolled in college
Student loan forgiveness program was already on hold due to a separate legal challenge, even though the administration had continued accepting applications
Till now received more than 26 million application with necessary information to be considered for debt relief
Applicant of Student loan forgiveness program are now wait indefinitely to see if they will receive debt relief under President Joe Biden’s student loan forgiveness program
Court could take months for to issue a final ruling If it overturns the Texas lower courts ruling then the Biden administration could begin canceling student debt