Biden administrations stops taking applications for student loan debt forgiveness

THE BIDEN ADMINISTRATION HAS STOPPED ACCEPTING NEW APPLICATIONS TO FORGIVE UP TO $20,000 FOR STUDENT LOANS FOR EACH BORROWER AFTER THAT FEDERAL JUDGE IN TEXAS STRUCK DOWN THE PLAN CALLING IT UNCONSTITUTIONAL AFTER TWO BORROWERS WHO DID NOT QUALIFY FOR RELIEF SUED THE GOVERNMENT SAYING IT WAS ARBITRARY AND UNLAWFUL THE WHITE HOUSE PRESS SECRETARY SAYING THE ADMINISTRATION DISAGREES WITH THE DISTRICT COURT’S RULING AND THAT THE DEPARTMENT OF JUSTICE HAS FILED AN APPEAL. THE EDUCATION DEPARTMENT THREE WEEKS AGO HAD PAUSED DISPERSIONMENTS AFTER A SEPARATE JUDGE ASKED FOR TIME TO EVALUATE WHETHER THE PROGRAM SHOULD PROCEED. THE PRESIDENT PUSHED

FORWARD WITH THE RELIEF PROGRAM, WHICH BOOSTED HIS FAVORABILITY WITH VOTERS, DESPITE ECONOMISTS LIKE LARRY SUMMERS WARNING IT WOULD WORSEN INFLATION TH