Like many critical thinkers predicted, Biden's student loan forgiveness program is not panning out as the White House marketed to college-indebted voters.

While the administration's intention was to simply distribute billions to Americans who willingly signed up for debt, the plan to slash off a large chunk of student loans has come to a swift halt due to a lawsuit filed by six states: Arkansas, Iowa, Kansas, Missouri, Nebraska, and South Carolina.

A federal judge in Missouri first dismissed the case, but then the 8th Circuit Court of Appeals issued a stay upon an emergency request from the six states, ultimately barring the administration from beginning to disburse funds. 

As COSA reported back when these states first stood up to this clear abuse of power, the people are much more respected and represented on a state versus federal level.

This debt forgiveness plan will cost taxpayers an estimated $400 billion over the next 30 years.