Federal appeals court blocks remainder of Biden's student debt relief plan

Forbes

Student Loan Borrowers Face ‘Devastating’ Impacts After Court Halts Loan Forgiveness Plan, Says Official

Newsweek

Student Loan Update: Biden Admin Puts Loans on Hold After Court Ruling

Student loan payments will be paused for 8 million borrowers after appeals court temporarily halts Biden’s repayment plan

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.

A district judge last month 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.

Reuters

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.

Politico

The complaint was filed on behalf of Missouri, Arkansas, Florida, Georgia, North Dakota, Ohio, and Oklahoma. The Biden administration has forgiven over $168B in debt for nearly 5M borrowers.

Axios

The same day that the ruling was announced, the White House forgave $1.2B for 35K public servants under the Public Service Loan Forgiveness, which includes teachers, nurses, and first responders.

The Hill

The two June injunctions that paused some portions of the plan ruled that the Department of Education (DOE) lacks a mandate from Congress to forgive debt and that loan forgiveness illegally stripped states of revenue. The DOE says it will "aggressively defend" the SAVE Plan, as the ruling is not final.

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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.

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.

Reuters #

Politico #

Axios #

The Hill #

The two June injunctions which paused some portions of the plan ruled that the Department of Education (DOE) lacks a mandate from Congress to forgive debt and that loan forgiveness illegally stripped states of revenue. The DOE says it will "aggressively defend" the SAVE Plan, as the ruling is not final.

Appeals Court Blocks Remaining Provisions of Biden Student Debt Forgiveness Plan

Appeals Court Blocks Remaining Provisions of Biden Student Debt Forgiveness Plan

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Appeals Court Blocks Remaining Provisions of Biden Student Debt Forgiveness Plan

Appeals Court Blocks Remaining Provisions of Biden Student Debt Forgiveness Plan

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