RUSH TRANSCRIPT Welcome back ░░░░░░░░ gma3 In August President ░░░░░░░░ announced plans to cancel ░░░░░░░░ 000 in student loan ░░░░░░░░ for most borrowers Now ░░░░░░░░ federal appeals court has ░░░░░░░░ blocked the program leaving ░░░░░░░░ debt relief uncertain for ░░░░░░░░ 40 million Americans This ░░░░░░░░ before the midterm elections ░░░░░░░░ have a dynamic duo ░░░░░░░░ discuss ABC News economic ░░░░░░░░ Deirdre Bolton and ABC ░░░░░░░░ deputy political director Averi ░░░░░░░░ We re told 22 ░░░░░░░░ have signed up for ░░░░░░░░ thing Are they just ░░░░░░░░ limbo Exactly that in ░░░░░░░░ Normally the processing would ░░░░░░░░ six to eight weeks ░░░░░░░░ legal wranglings have put ░░░░░░░░ people in a stalemate ░░░░░░░░ the moment the White ░░░░░░░░ message has been clear ░░░░░░░░ say go sign up ░░░░░░░░ you re eligible don ░░░░░░░░ be distracted Go to ░░░░░░░░ gov It s open ░░░░░░░░ the president said it ░░░░░░░░ five minutes on your ░░░░░░░░ Just do it and ░░░░░░░░ the rest play out ░░░░░░░░ the meantime the block ░░░░░░░░ after six Republican states ░░░░░░░░ a lawsuit What are ░░░░░░░░ states arguing These six ░░░░░░░░ led states is Arkansas ░░░░░░░░ Nebraska Iowa Kansas and ░░░░░░░░ Carolina they re all ░░░░░░░░ the president overstepped his ░░░░░░░░ when he was offering ░░░░░░░░ loan forgiveness They say ░░░░░░░░ this program could hurt ░░░░░░░░ based loan programs The ░░░░░░░░ has responded They say ░░░░░░░░ s meritless We re ░░░░░░░░ to hear from those ░░░░░░░░ led states Tuesday We ░░░░░░░░ see what happens there ░░░░░░░░ is the I mean ░░░░░░░░ s the expectation for ░░░░░░░░ long this hold they ░░░░░░░░ in limbo Do we ░░░░░░░░ any idea how long ░░░░░░░░ will last Short answer ░░░░░░░░ The messaging from the ░░░░░░░░ House if you re ░░░░░░░░ and make less than ░░░░░░░░ 000 and part of ░░░░░░░░ couple less than 250 ░░░░░░░░ you re eligible for ░░░░░░░░ 000 of forgiveness 20 ░░░░░░░░ if you had pell ░░░░░░░░ which are skewed to ░░░░░░░░ lowest income families Essentially ░░░░░░░░ to the website Fill ░░░░░░░░ out We heard Karine ░░░░░░░░ Pierre say somebody asked ░░░░░░░░ you going to extend ░░░░░░░░ January 1st deadline She ░░░░░░░░ we re not doing ░░░░░░░░ Go online and fill ░░░░░░░░ your application and fingers ░░░░░░░░ This comes as midterms ░░░░░░░░ days a way less ░░░░░░░░ two weeks What impact ░░░░░░░░ this block have on ░░░░░░░░ razor thin margin between ░░░░░░░░ and Democrats We ve ░░░░░░░░ reporting the balance of ░░░░░░░░ is hanging in the ░░░░░░░░ A lot is at ░░░░░░░░ here What do we ░░░░░░░░ this impact will be ░░░░░░░░ the polls It all ░░░░░░░░ The Biden Administration has ░░░░░░░░ student debt relief part ░░░░░░░░ its economic agenda like ░░░░░░░░ with the Inflation Reduction ░░░░░░░░ like efforts to keep ░░░░░░░░ prices down tuat the ░░░░░░░░ This is a key ░░░░░░░░ of the president s ░░░░░░░░ We know that the ░░░░░░░░ ranks as the top ░░░░░░░░ that Americans are concerned ░░░░░░░░ as they decide who ░░░░░░░░ re going to vote ░░░░░░░░ This uncertainty creates and ░░░░░░░░ what a lot of ░░░░░░░░ thought would be a ░░░░░░░░ win on the campaign ░░░░░░░░ It is unclear at ░░░░░░░░ point if it s ░░░░░░░░ to galvanize voters If ░░░░░░░░ drops that student debt ░░░░░░░░ will happen at all ░░░░░░░░ words like unclear and ░░░░░░░░ I know For either ░░░░░░░░ you what options does ░░░░░░░░ president have if he ░░░░░░░░ t extend the loan ░░░░░░░░ past January like you ░░░░░░░░ talking about What other ░░░░░░░░ are there right now ░░░░░░░░ m sure they re ░░░░░░░░ It might not might ░░░░░░░░ be a lot they ░░░░░░░░ do for the election ░░░░░░░░ up but what are ░░░░░░░░ options The federal government ░░░░░░░░ fight the efforts to ░░░░░░░░ back on this program ░░░░░░░░ court Even if student ░░░░░░░░ relief survives this legal ░░░░░░░░ there could be others ░░░░░░░░ Nothing is guaranteed when ░░░░░░░░ comes to the courts ░░░░░░░░ has been a divisive ░░░░░░░░ There have been people ░░░░░░░░ paid off their loans ░░░░░░░░ is part of the ░░░░░░░░ They ve been upset ░░░░░░░░ say I paid for ░░░░░░░░ why should this group ░░░░░░░░ people get a benefit ░░░░░░░░ didn t receive There ░░░░░░░░ a financial divide This ░░░░░░░░ If you want to ░░░░░░░░ a lot of time ░░░░░░░░ social media put out ░░░░░░░░ opinion I worked three ░░░░░░░░ or I didn t ░░░░░░░░ to school because I ░░░░░░░░ t afford it Then ░░░░░░░░ have people who are ░░░░░░░░ fine repaid my debt ░░░░░░░░ why would I want ░░░░░░░░ burden the next generation ░░░░░░░░ see it differently It ░░░░░░░░ a huge issue 40 ░░░░░░░░ Americans a huge number ░░░░░░░░ people potentially affected by ░░░░░░░░ It s a big ░░░░░░░░ and huge issue for ░░░░░░░░ voters This is the ░░░░░░░░ time we ll see ░░░░░░░░ new crop of voters ░░░░░░░░ want to know if ░░░░░░░░ president and this administration ░░░░░░░░ this are they going ░░░░░░░░ stick to it No ░░░░░░░░ what s happening in ░░░░░░░░ courts you need to ░░░░░░░░ it out Fill out ░░░░░░░░ form.