Missouri Judge Blocks Biden Student Loan Plan

A Missouri judge has issued a temporary injunction against President Biden's student loan forgiveness plan, halting its progress just hours after another judge allowed a previous restraining order to expire. The injunction was requested by six Republican-led states, which argued that the Education Department's plan could unlawfully cancel hundreds of billions in student loans. This ruling follows U.S. District Judge Randal Hall's earlier decision to transfer the case from Georgia, where he found the state lacked standing to sue, to Missouri, which he stated had clear standing to challenge the plan. The Biden administration's proposal aims to provide relief to approximately 30 million borrowers by canceling up to $20,000 in debt for certain individuals. Despite the setback, experts advise borrowers to prepare for all repayment scenarios as the plan's future remains uncertain. The Department of Education has not yet commented on the latest developments in this ongoing legal battle.