The president has extended the student loan repayment pause into 2023. Biden said he wants to give lawsuits against debt cancellation time to play out, and the Supreme Court time to weigh in.
The Eighth Circuit Court of Appeals issued the stay, ordering the Biden administration not to act on the program while it considers a motion from six Republican-led states to block loan cancellation.
The cost of the White House's student loan forgiveness plan is an estimate over a 30-year period and will add to the country's deficit, the Congressional Budget Office said in a report.
In a letter to Biden, Republican governors say they support "making higher education more affordable" but don't want to "force American taxpayers to pay off the student loan debt of an elite few."
The measure would free some borrowers from debt incurred by spouses – sometimes abusive ones – and could lay a path toward loan forgiveness.
A new lawsuit claims tens of thousands of borrowers are still waiting for the Department of Education to erase their debt — about $250 million — as it was ordered to do last month.
Also in our weekly education news roundup: 6 ways to talk to your kids about sex after Kavanaugh; Homeschooling is growing and changing rapidly
The Education Department offers new findings on student loan forgiveness; Enrollment in Puerto Rico's schools drops after Hurricane Maria; DeVos calls for more free and open speech on college campuses
Student loan borrowers defrauded by colleges may soon find it harder to have their debts forgiven.