A federal judge from Texas blocked President Joe Biden’s student debt relief program on Thursday. This could be good news for lenders like
Navient
In August, Biden announced his student loan debt plan, which included the cancellation of $10,000 in federal student loan debt for each borrower with an income cap of $125,000 or for couples making less than $250,000 a year, and forgiveness of up to $20,000 for those who received federal Pell Grants and make less than $125,000.
