Appeals Court AGAIN Strikes Down Biden Student Loan Forgiveness Plan
GRAB YOUR BOOTSTRAPS
The Eighth Circuit Court of Appeals has again blocked a Biden Administration plan to forgive some borrowers’ student loan debt. A Friday evening ruling from the court enjoined its previous ruling, barring the “United States Secretary of Education from implementing a plan to forgive approximately $475 billion in federal student loan debt,” called SAVE. The court previously issued an administrative stay to pause SAVE on July 19, but the court said the “Government continues to forgive loans for borrowers enrolled in SAVE,” according to NPR. But, on Friday, the court upped the ante, blocking the program altogether by writing: “this injunction will remain in effect until further order of this court or the Supreme Court of the United States. The administrative stay is hereby superseded.” The decision was delivered by two Trump appointees, Judges Ralph Erickson and L. Steven Grasz, and a Bush appointed judge named Raymond Gruender.