It's just a massive transfer payment to his loser voters.

A federal appeals court on Thursday blocked President Joe Biden's administration from continuing to implement a new student debt relief plan designed to lower monthly payments for millions of Americans.

The St. Louis-based 8th U.S. Circuit Court of Appeals granted a request
by seven Republican-led states to put on hold parts of the U.S. Department of Education's debt relief plan that had not already been blocked by a lower-court judge.

That ruling last month by U.S. District Judge John Ross in St. Louis had blocked the department from granting further loan forgiveness under the administration's Saving on a Valuable Education (SAVE) Plan but had not blocked all of the plan.

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State attorneys general led by Missouri Attorney General Andrew Bailey subsequently last week asked the 8th Circuit to block the rest of the SAVE Plan. The court did so through a one-page order granting an administrative stay.

Bailey on the social platform X hailed the ruling as a "huge win for every American who still believes in paying their own way." He said the student loan plan "would have saddled working Americans with half-a-trillion dollars in Ivy League debt."