For student loan borrowers, President Joe Biden’s forgiveness plan seemed too good to be true. And now they fear that maybe it was.
Earlier this month, a federal judge in Texas struck down the program, the latest blow in a series of legal challenges that have upended the initiative. Borrowers are currently unable to submit applications to have up to $20,000 forgiven, and with the almost three-year freeze on required loan payments scheduled to end Dec. 31, they’re losing hope that the debt relief will ever happen.
