Important Takeaways:

• A federal judge in Georgia has temporarily blocked President Biden’s administration from implementing its plan to waive federal student loans for almost 30 million borrowers.
• The ruling is the latest in a long series of roadblocks to the administration’s campaign to wipe the slate clean on tens of billions of dollars in student debt via the Higher Education Act of 1965.
• Seven GOP-led states filed the lawsuit earlier this week challenging the Biden administration’s most recent student debt forgiveness plan, accusing the U.S. Department of Education (DOE) of taking steps to cancel loans beginning as early as this week.
• In the lawsuit filed Tuesday in a Brunswick, Georgia, federal court, attorneys general from Republican-led states — including Georgia and Missouri — took aim at a rule by the DOE proposed in April, which would provide for a waiver of federal student loan debts for approximately 27.6 million borrowers.
• The attorneys argue that the DOE does not have the authority to cancel the student loan debt. The Thursday order temporarily restrains the Biden administration from implementing the program.
• Missouri and Georgia are joined in the lawsuit by Alabama, Arkansas, Florida, North Dakota and Ohio.

Read the original article by clicking here.