A giant wave labeled Debt looms over tiny figures (Photo: Shutterstock)

President Joe Biden’s student loan-forgiveness plan was temporarily blocked by a federal appeals court on Friday, delaying distribution of up to $20,000 in debt relief for more than 40 million eligible borrowers. This effort is separate from a Wisconsin taxpayer’s group’s challenge to the program that was rejected by the Supreme Court last week.

The Biden administration can’t discharge any student loans until the 8th US Circuit Court of Appeals in St. Louis rules on an injunction request from six GOP-led states (Nebraska, Missouri, Arkansas, Iowa, Kansas and South Carolina) challenging the legality of the debt relief plan.

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