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Biden's student loan cancellation blocked by federal judge

Getty
Getty

A federal judge in Texas declared President Biden's student loan cancellation plan unconstitutional; U.S. District Judge Mark Pittman made the ruling in response to a lawsuit filed by the Job Creators Network Foundation.

This case involved the question of whether Congress through the HEROES Act gave authority to implement a program that provides debt forgiveness to millions of student-loan borrowers, totaling over $400 billion.