President Joe Biden
U.S. President Joe Biden.
  • The Fifth Circuit blocked Biden's new rules to ease the debt relief process for defrauded borrowers.
  • A for-profit group sued the administration, arguing the rules would harm impacted schools.
  • The changes to borrower defense are now blocked as the legal process plays out.

President Joe Biden's efforts to help student-loan borrowers just got dealt another blow in court.

On Monday, a three-judge panel ā€” appointees of former Presidents Ronald Reagan and Donald Trump ā€” in the Fifth Circuit Court of Appeals blocked the Education Department's new rules to make it easier for student-loan borrowers who said they were defrauded by the school they attended to get their debt wiped out.