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VOTE NOW | Should President Biden's student loan forgiveness plan be blocked?

student loans
Posted at 2:58 AM, Nov 11, 2022
and last updated 2022-11-11 17:04:53-05

A U.S. judge in Texas has blocked President Joe Biden’s plan to provide millions of borrowers with up to $20,000 apiece in federal student-loan forgiveness.

District Court Judge Mark Pittman said Thursday that the program usurped Congress’ power to make laws. Pittman is an appointee of former President Donald Trump based in Fort Worth.

The debt forgiveness plan would cancel $10,000 in student loan debt for those making less than $125,000 or households with less than $250,000 in income. Pell Grant recipients, who typically demonstrate more financial need, would get an additional $10,000 in debt forgiven.