Supreme Court Issues Another Blow to Biden’s Student Loan Relief Plan
The Supreme Court on Wednesday refused to revive the Biden administration’s multibillion-dollar student debt relief plan. The decision from the court means Joe Biden’s student loan repayment (SAVE) program will remain stalled until the Eighth Circuit rules, leaving millions of borrowers in legal limbo. The SAVE plan has been attacked and legally challenged by more than a dozen red states since it was announced one year ago. The Justice Department filed an emergency request to lift an appeals court order that blocked the program, but the justices’ unanimous ruling leaves a nationwide injunction in place. Biden’s student loan repayment program lowered monthly undergraduate loan payments for low-income Americans and provided earlier loan forgiveness for borrowers with smaller initial loans. This is a developing story.
The Supreme Court on Wednesday refused to revive the Biden administration’s multibillion-dollar student debt relief plan. The decision from the court means Joe Biden’s student loan repayment (SAVE) program will remain stalled until the Eighth Circuit rules, leaving millions of borrowers in legal limbo.
The SAVE plan has been attacked and legally challenged by more than a dozen red states since it was announced one year ago. The Justice Department filed an emergency request to lift an appeals court order that blocked the program, but the justices’ unanimous ruling leaves a nationwide injunction in place.
Biden’s student loan repayment program lowered monthly undergraduate loan payments for low-income Americans and provided earlier loan forgiveness for borrowers with smaller initial loans.
This is a developing story.
