The 8th U.S. Circuit Court of Appeals sided with several Republican-led states
Biden rips Republicans for opposing his student loan handout
The 8th U.S. Circuit Court of Appeals granted a motion on Friday to temporarily block President Biden's student loan handout plan.
The appeals court ruled in favor of six Republican-led states who requested that Biden's handout plan is halted while the court works through its request for an injunction.
Biden's plan, which aims to cancel up to $20,000 in student loan debt for Pell Grant recipients in college and up to $10,000 for others who borrowed using federal student loans.
Qualifications for the handout include having an adjusted gross income of less than $125,000 individually, and less than $250,000 if married.
President Biden speaks about Hurricane Ian during a visit to FEMA headquarters, Sept. 29, 2022, in Washington.
This is a developing story. Fox Buisiness' Aislinn Murphy and Reuters contributed to this report.
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