Court Rules Against the Biden Admin's Request to Reinstate Student Loan Bailout

The Court of Appeals ruled against the Biden Administration’s request to reinstate the student loan bailout. 

On Wednesday, the U.S. Court of Appeals for the Fifth Circuit rejected President Joe Biden’s $400 billion student loan forgiveness program which he appealed following a judge’s ruling to put it on pause. 

This is the latest setback for Biden’s hefty plan. 

This comes after the federal government requested to temporarily reverse a lower court order that blocked the rollout of the plan.

The plan will stay paused while the administration appeals an order from a Texas judge that declared the debt relief proposal unlawful after a three-judge panel in New Orleans ruled against the program. 

In response, the Biden Administration has already extended the student debt loan payment until June 30, 2023.