Two federal judges in Kansas and Missouri have issued rulings that block significant portions of a Biden administration student loan repayment plan. The plan aimed to provide a faster path to loan cancellation and lower monthly payments for millions of borrowers.
In Kansas, U.S. District Judge Daniel Crabtree's ruling, in response to a lawsuit filed by the state's attorney general, allows for the forgiveness of loans under $12,000 after 10 years of payments. However, parts of the program intended to assist borrowers with larger loans by reducing monthly payments and required payment periods were halted.
