A federal court in St. Louis blocked Joe Biden’s plan to cancel student debt for millions of Americans Monday, throwing the president’s signature program into question in all 50 states.

“The court’s 6-page ruling singled out the impact on a large, Missouri-based holder of student loans called the Higher Education Loan Authority of the State of Missouri,” reports The Hill.


“[T]he equities strongly favor an injunction considering the irreversible impact the Secretary’s debt forgiveness action would have as compared to the lack of harm an injunction would presently impose,” the panel wrote. “Among the considerations is the fact that collection of student loan payments as well as accrual of interest on student loans have both been suspended.”

Read the full report here.