US Court Blocks Biden's Student Loan Forgiveness Plan, Facing Lawsuits

The New Orleans-based 5th U.S. Circuit Court of Appeals has blocked the Biden administration from implementing a rule that would make it easier for defrauded students to have their loans forgiven. The rule, which was challenged by a trade group representing for-profit colleges, would provide greater grounds for borrowers to seek debt relief in cases of fraud. The court's decision comes after the Supreme Court blocked Biden's plan to cancel $430 billion in student loan debt. The Education Department is reviewing the order and remains committed to holding predatory colleges accountable and providing relief to cheated borrowers.