Student loans relief: 5th Circuit Court rejects Biden's latest plea to reinstate program

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.

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.