Federal Judge Halts Biden's New Student Loan Forgiveness Plan

Temporary restraining order issued after GOP-led states challenge the Education Department's authority.

The ruling affects an estimated 30 million borrowers anticipating relief.
Republican attorneys general argue the plan violates separation of powers and harms state finances.
The Education Department had planned to implement the relief by October.
This is the latest in a series of legal setbacks for Biden's debt relief efforts.
A hearing is scheduled for September 18 to further address the lawsuit.