Biden Administration stops taking applications for student loan forgiveness

The Biden administration has stopped accepting applications for federal student loan forgiveness after a court struck down the plan on Thursday evening.

Troov Troov
Nov 11, 2022 - 21:09
0 17
Biden Administration stops taking applications for student loan forgiveness

U.S. President Joe Biden is flanked by U.S. Secretary of Education Miguel Cardona as he speaks about administration plans to forgive federal student loan debt during remarks in the Roosevelt Room at the White House in Washington, U.S., August 24, 2022.

Leah Millis | Reuters

The Biden administration has stopped accepting applications for federal student loan forgiveness after a court struck down the plan on Thursday evening.

"Courts have issued orders blocking our student debt relief program," according to a note on the forgiveness application page at Studentaid.gov. "As a result, at this time, we are not accepting applications. We are seeking to overturn those orders."

This is breaking news. Please check back for updates.