Court Temporarily Blocks Pres. Biden's Student Loan Forgiveness

The Eighth Circuit Court of Appeals issued the stay Friday evening, temporarily blocking the Biden administration's loan forgiveness program.

A federal appeals court late Friday issued an administrative stay temporarily blocking President Joe Biden's plan to cancel billions of dollars in federal student loans.

The Eighth Circuit Court of Appeals issued the stay while it considers a motion from six Republican-led states to block the loan cancellation program. The stay ordered the Biden administration not to act on the program while it considers the appeal.

The order came just days after people began applying for loan forgiveness.