President Biden's plan to erase federal student loan debts for tens of millions of borrowers hit a legal wall Thursday, when a U.S. District Court judge in Texas called it unlawful and vacated the debt relief program.
The federal government quickly appealed the decision, which came just weeks before student loan payments are set to resume in January. The program was already on hold while a federal appeals court in St. Louis considers a separate lawsuit by six states challenging it.
