(FOX NEWS) – President Biden's student loan debt relief program, which seeks to forgive hundreds of billions of dollars owed by tens of millions of borrowers, was handed another loss Wednesday as a federal appeals court denied his request to reinstate it, court documents show.
Biden's student loan handout intends to forgive $10,000 in federal student loans per borrower and double that for PELL grant recipients, but it will remain on hold after the New Orleans-based 5th U.S. Circuit Court of Appeals rejected the Biden administration’s request to lift a stay put on the program by a lower district court in Texas.
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In court documents filed Wednesday, the 3-judge panel unanimously chose not to override a decision by U.S. District Judge Mark Pittman on Nov. 10, which called the student loan handouts unlawful and temporarily suspended it.