A federal appeals court on Friday temporarily blocked President Joe Biden's plan to cancel billions of dollars in federal student loans.
The 8th U.S. Circuit Court of Appeals granted an emergency petition from six Republican-led states who asked for a pause on the student debt relief while the court rules on their request for a longer-term injunction.
The St. Louis-based appeals court also ordered an expedited briefing schedule on the matter.
The lawsuit by the six Republican-led states—Nebraska, Missouri, Arkansas, Iowa, Kansas, and South Carolina—is before the appeals court after a lower court judge rejected the suit a day prior.
Biden's student debt relief program, announced in August, seeks to cancel up to $10,000 to borrowers who earn less than $125,000 per year (or $250,000 as a couple per year), or $20,000 in debt relief to Pell Grant recipients who meet similar income standards.
Applications opened on Oct. 14. Nearly 22 million borrowers had applied for the debt relief program since, Biden said earlier Friday. This constitutes about half of the more than 40 million Americans that the Department of Education expects are eligible for some amount of debt relief.