A federal appeals court has temporarily stopped the Biden administration from moving ahead with a plan to forgive hundreds of billions of dollars of federal student loan debt.

The 8th Circuit Court of Appeals on Friday issued an order that prohibits the Biden administration from "discharging any student loan debt" under the relief program until it rules on an emergency request by Republican-led states to block the policy.

The Biden administration had previously said in court filings it could begin canceling student loans as early as this Sunday.

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