NEWS ALERT: Federal appeals court deals blow to Biden’s student loan debt handout plan

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From Fox Business: A federal appeals court on Thursday issued a ruling that blocks the Biden administration from continuing to implement a new version of its student loan debt handout plan that is designed to reduce monthly payments for borrowers.

The U.S. Eighth Circuit Court of Appeals granted a request by seven Republican states to block portions of the Education Department’s plan that a lower court judge hadn’t previously blocked.

Last month, a U.S. District Court in St. Louis blocked the agency from moving forward with granting additional student loan forgiveness under the Biden administration’s Saving on a Valuable Education (SAVE) plan – though it didn’t block all elements of the plan.

Multiple state attorneys general, led by Missouri’s Andrew Bailey, asked the 8th Circuit to block the rest of the SAVE plan last week after portions of it were put on hold by the district court, the report explains.

Bailey announced, “JUST IN: The Court granted our emergency motion to BLOCK Joe Biden’s entire illegal student loan plan, which would have saddled working Americans with half-a-trillion dollars in Ivy League debt. HUGE win for every American who still believes in paying their own way.”

Josh Divine, Solicitor General of Missouri, announced, “Thrilled to be the attorney in the AG’s office leading this litigation. This is a huge win, bigger even than the win we got in the district court a few weeks ago.”

“Winning on behalf of the American people,” cheered Bailey.

Joe Biden had just touted on social media earlier Thursday, “Today, my Administration is canceling student debt for 35,000 public service workers through Public Service Loan Forgiveness. Now 4.76 million folks have benefitted from our various debt relief actions, each receiving an average of over $35,000 in cancellation. That matters.”

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