Federal Judges Block Biden’s Plan to End Student Loan Repayments

Two federal judges on Monday ruled to block part of President Joe Biden's recent attempt to indefinitely postpone or cancel nearly half a trillion dollars in student loan debt. U.S. District Judge John Ross in Missouri and U.S. District Judge Daniel Crabtree in Kansas issued two separate rulings on Monday after Republican-led states' attorneys general filed a legal challenge to Biden's plan, which would have indefinitely postponed payments for a huge swath of borrowers, likely costing taxpayers about half a trillion dollars. Ross' ruling is a preliminary injunction halting part of Biden's plan until a ruling is made. The issue will likely be appealed and could move up through the courts.