Biden’s $475B student debt cancellation plan blocked as federal appeals court issues final decision
Trump, 78, has said he wants to shut the entire department down — and have Education Secretary-designate Linda McMahon oversee the return of its duties to US states
By News on the Net -- New York Post—— Bio and Archives--February 18, 2025
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A federal appeals court delivered a crushing blow Tuesday to a more than $475 billion student debt cancellation program begun by former President Joe Biden, ordering the underlying regulation be blocked in its entirety.
The Eighth US Circuit Court of Appeals had partially blocked the loan forgiveness effort last year — but a three-judge panel at the St. Louis-based court issued a final judgment to a lower court prohibiting any part of the initiative from taking effect. ---More...
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