Economic news

U.S. stops taking student debt relief applications after Trump judge ruling

2022.11.11 11:05



© Reuters. FILE PHOTO: U.S. President Joe Biden meets with Egypt’s President Abdel Fattah el-Sisi (not pictured), in Sharm el-Sheikh, Egypt, November 11, 2022. REUTERS/Kevin Lamarque/File Photo

(Reuters) -The United States government has stopped taking applications for student debt relief, after a federal judge blocked President Joe Biden’s loan forgiveness plan, according to a notice on a government website.

A judge in Texas who was appointed by former President Donald Trump ruled on Thursday that Biden’s plan to cancel hundreds of billions of dollars in student loan debt was unlawful and must be vacated. The Biden administration is appealing the ruling.

“Courts have issued orders blocking our student debt relief program. As a result, at this time, we are not accepting applications. We are seeking to overturn those orders. If you’ve already applied, we’ll hold your application,” the notice says.



Source link

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 105,247.20 2.93%
ethereum
Ethereum (ETH) $ 3,272.01 5.51%
xrp
XRP (XRP) $ 3.11 2.99%
tether
Tether (USDT) $ 1.00 0.03%
solana
Solana (SOL) $ 240.84 5.58%
bnb
BNB (BNB) $ 680.89 2.52%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.334534 3.53%
cardano
Cardano (ADA) $ 0.97069 5.74%
staked-ether
Lido Staked Ether (STETH) $ 3,271.34 5.50%
tron
TRON (TRX) $ 0.251775 5.55%
chainlink
Chainlink (LINK) $ 24.85 8.97%
avalanche-2
Avalanche (AVAX) $ 34.37 5.54%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 104,942.12 2.84%
stellar
Stellar (XLM) $ 0.436891 12.48%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,886.08 5.13%
sui
Sui (SUI) $ 4.13 11.78%
hedera-hashgraph
Hedera (HBAR) $ 0.317539 5.90%
the-open-network
Toncoin (TON) $ 4.82 0.10%
shiba-inu
Shiba Inu (SHIB) $ 0.000019 3.64%
weth
WETH (WETH) $ 3,271.88 5.53%
litecoin
Litecoin (LTC) $ 129.07 15.32%
polkadot
Polkadot (DOT) $ 6.17 9.29%
leo-token
LEO Token (LEO) $ 9.74 0.12%
hyperliquid
Hyperliquid (HYPE) $ 26.82 16.23%
bitcoin-cash
Bitcoin Cash (BCH) $ 438.08 6.83%
bitget-token
Bitget Token (BGB) $ 6.95 3.25%
uniswap
Uniswap (UNI) $ 12.13 4.66%
usds
USDS (USDS) $ 0.999817 0.05%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,463.21 5.45%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.12%
pepe
Pepe (PEPE) $ 0.000013 6.59%
near
NEAR Protocol (NEAR) $ 4.64 5.91%
official-trump
Official Trump (TRUMP) $ 27.12 0.31%
mantra-dao
MANTRA (OM) $ 5.60 24.01%
ondo-finance
Ondo (ONDO) $ 1.59 11.60%
aave
Aave (AAVE) $ 316.04 9.22%
aptos
Aptos (APT) $ 7.97 9.37%
internet-computer
Internet Computer (ICP) $ 9.23 8.47%
monero
Monero (XMR) $ 225.74 2.83%
whitebit
WhiteBIT Coin (WBT) $ 28.47 0.21%
ethereum-classic
Ethereum Classic (ETC) $ 26.51 5.18%
mantle
Mantle (MNT) $ 1.17 9.49%
vechain
VeChain (VET) $ 0.047443 12.54%
bittensor
Bittensor (TAO) $ 466.20 1.86%
crypto-com-chain
Cronos (CRO) $ 0.131935 2.18%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.417353 6.63%
dai
Dai (DAI) $ 0.999935 0.06%
kaspa
Kaspa (KAS) $ 0.133295 10.76%
okb
OKB (OKB) $ 56.21 4.22%