Appeals Court Denies Biden’s Bid to Revive Student Debt Bailout

A federal appeals court has rejected the Biden administration’s bid to freeze a Texas judge’s ruling that President Joe Biden’s plan to cancel student loan debt was illegal.
In a Nov. 30 ruling, the New Orleans-based 5th U.S. Circuit Court of Appeals denied the Biden administration’s request to put on hold a judge’s Nov. 10 order vacating the $400 billion student debt relief program in a lawsuit brought forward by conservative advocacy group Job Creators Network Foundation (JCNF).
“The Fifth Circuit correctly rejected the Biden administration’s attempt to reinstate the student loan bailout pending appeal,” JCNF president Elaine Parker said in a statement….}