Earlier today the U.S. Court of Appeals for the Eighth Circuit granted an emergency motion for a nationwide injunction pending appeal filed by several red states that blocks the federal government from moving forward with President Biden's student loan forgiveness policy. The brief per curiam opinion was joined by Judges Shepherd, Erickson, and Grasz.
This is a significant ruling in what is likely the most serious legal challenge filed against the Biden initiative. Among other things, the argument for Article III standing, which is based upon the impact of harm to the Missouri Higher Education Loan Authority (MOHELA) on the state of Missouri, appears to be significantly stronger and more substantial than the arguments for standing put forward in other cases.
I've linked to the opinion above and will reproduce below the jump.
