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.The US 8th Circuit Court of Appeals granted a motion by Republican-led states to block 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.A district judge last month blocked student loan forgiveness but stopped short of blocking the Saving on a Valuable Education (SAVE) Plan entirely. This motion, brought forth by a group of Republican attorneys general, 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.While the previous ruling allowed the lowering of monthly payments for borrowers to come into effect, this week's argued that scrapping payments for those under a certain income and forgiving loans after 10-25 years of payments in certain instances is unlawful.