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VisitJudge Allows Biden Administration to Proceed with Student Loan Forgiveness, Plan Temporarily Blocked
Oct 3, 2024, 08:46 PM
A federal judge has allowed the Biden administration to move forward with its student loan forgiveness plan by letting a temporary restraining order expire. This decision could provide relief to tens of millions of American borrowers. The ruling, delivered by Judge Randal Hall, a Bush appointee, is a significant victory for the administration. However, the legal battle is not over, as the case has been transferred to the U.S. District Court for the Eastern District of Missouri. Additionally, a separate federal judge in Missouri has temporarily blocked the plan, creating uncertainty about its future implementation. The lawsuit was initially brought by seven GOP-led states, but Georgia was removed from the case.
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Markets
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