Federal appeals court temporarily blocks President Biden’s student loan forgiveness program

Just days after after millions of borrowers began applying for up to $20,000 in forgiveness, the U.S. Court of Appeals for the 8th Circuit granted an administrative stay while it considers a request for an injunction filed by a coalition of six Republican-led states seeking to block the forgiveness program.

“We are pleased the temporary stay has been granted,” Nebraska Attorney General Doug Peterson (R), one of the states’ officials who sued the administration,said in a statement. “It’s very important that the legal issues involving presidential power be analyzed by the court before transferring over $400 billion in debt to American taxpayers.”

AG Doug Peterson offered NO comments on how many ‘job creators’ had their PPP loans forgiven or scammed the program entirely.

The ruling also comes days after U.S. District Judge Henry E. Autrey, a George W. Bush appointee, dismissed the states’ lawsuit for lack of standing. Earlier Thursday, U.S. Supreme Court Justice Amy Coney Barrett denied a separate request by the Wisconsin Institute for Law and Liberty, working on behalf of a taxpayer’s association, to pause the program.

In a statement, White House Press Secretary Karine Jean-Pierre said that folks should continue to apply for student loan forgiveness because the ruling does not block eligible borrowers from applying.

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