Federal appeals court blocks remainder of Biden's student debt relief plan
NPR Online NewsJUL 21 2024
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.
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.