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Stimulus relief checks live online: Crypto crash, Wall Street rallies | S&P and Nasdaq

Student loan forgiveness portal no longer accepting applications after Texas judge blocks program

“Courts have issued orders blocking our student debt relief program. As a result, at this time, we are not accepting applications. We are seeking to overturn those orders. If you’ve already applied, we’ll hold your application,” is the message that greets student loan borrowers who are seeking to apply for President Biden’s vaunted federal student loan forgiveness program.

After 18 months of waiting for Biden to fulfil his campaign promise, Biden announced that his administration would go forward with up to $20,000 in stuendt loan debt forgiveness for Americans.

However, the program was swiftly met with lawsuits from conservative groups, two of which had their pleaded stays blocked by Justice Amy Coney Barrett. Despite that, two lower courts have now imposed injunctions on the Education Department from moving forward, the second by a judge in Texas prompting the halt to accepting new applications.

“If you’ve already applied, we’ll hold your application. Subscribe and check back here for updates. We will post information as soon as further updates are available,” the notice reads.

Read More: Stimulus relief checks live online: Crypto crash, Wall Street rallies | S&P and Nasdaq

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