The court states that more than half of those who benefited from the income-based repayment plan had their loans functionally canceled by the

Student loan relief faces another setback as U.S. appeals court rules that the Biden administration overstepped its powers by granting student loan relief.

A U.S. appeals court on Tuesday ruled that Democratic former President Joe Biden's administration lacked authority to pursue a student debt relief plan designed to lower monthly payments for millions of borrowers and speed up loan forgiveness for some.