The Facts

• On Thursday, the 8th Circuit Court of Appeals granted a motion to stay the remaining pieces of the Biden administration's student loan forgiveness plan that had not already been blocked by the courts.

• Last month, a district judge had blocked student loan forgiveness but stopped short of blocking the Saving on a Valuable Education (SAVE) Plan entirely. This motion, brought forth by the attorneys general of Republican-led states, would block the rest.

• The district judge allowed the lowering of monthly payments for borrowers to come into effect. The motion this week argued that the provisions to scrap payments for those under a certain income and forgive loans after 10-25 years of payments in certain instances were illegal in light of other rulings.