ON ICE

Appeals Court Blocks Biden’s SAVE Student Debt Relief Plan

The plan, which sought to forgive loans or lower payments for eight million Americans, has been temporarily blocked.

A federal appeals court has temporarily blocked Joe Biden’s student debt relief program—a move that could have ramifications for eight million Americans. The SAVE plan, as its been nicknamed, has sought to use federal tax dollars to forgive loans or lower monthly payments for borrowers. However, the 8th circuit, at the urging of Republican attorneys general, issued an emergency administrative stay Thursday that has blocked Biden from implementing or acting on the plan until a ruling is made on an injunction. Missouri’s attorney general, Andrew Bailey, took a victory lap after the ruling. “The Court granted our emergency motion to BLOCK Joe Biden’s entire illegal student loan plan, which would have saddled working Americans with half-a-trillion dollars in Ivy League debt,” he said, adding that it was a “HUGE win for every American who still believes in paying their own way.” There’s been a glut of rulings regarding the SAVE plan, which has been rolled out in phases. Forbes reported this “rollercoaster of court orders” has “threatened to throw much of the federal student loan repayment system into chaos.”