 Meantime, President Biden's student debt relief plan has been dealt another big setback. In a ruling, the Eighth Circuit Court of Appeals granted a request by a group of Republican-led states seeking to invalidate the administration's entire loan forgiveness program. The ruling comes the same day that the Biden administration announced another round of student loan forgiveness, this time totaling $1.2 billion for roughly 35,000 borrowers who are eligible for the public service loan forgiveness program.