Judges block key parts of Biden’s student loan forgiveness and repayment plan, risking relief for millions
The implementation of President Joe Biden's new student loan repayment plan, known as the Saving on a Valuable Education (SAVE) plan, has been temporarily halted by federal judges in Kansas and Missouri. These rulings have put debt relief for millions of Americans at risk.
The injunctions prevent the U.S. Department of Education from implementing significant provisions of the SAVE plan. As a result, the Biden administration is currently unable to forgive additional debt under the new income-driven repayment plan or reduce borrowers' payments as expected in July.
Since its launch in August, more than 8 million borrowers have enrolled in the SAVE plan. They were days away from experiencing a substantial decrease in their monthly bills.
Higher education expert Mark Kantrowitz exp...