Published 1 month ago • loading... • Updated 27 days ago

US appeals court blocks Biden-era student debt relief plan

The 8th Circuit Court of Appeals blocked former President Joe Biden's student loan repayment plan, ruling it as an overreach of authority, which affects 8 million borrowers currently enrolled in the program.
Republican lawmakers have criticized Biden's SAVE plan as an overreach and are likely to support alternative legislation like the College Cost Reduction Act to improve repayment options.
Acting Under Secretary of Education James Bergeron stated that the ruling is beneficial for taxpayers and emphasized understanding existing repayment alternatives.
Borrowers are concerned about potential increases in monthly payments without the SAVE plan, with some payments nearing $1,000.

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Texas Standard

Millions face uncertainty as court stalls Biden-era student loan plan

The SAVE plan lowered monthly payments for nearly everybody who took out a federal student loan to pay for school.

27 days ago

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The College Fix

Federal court rules Biden’s $500 billion student loan bailout illegal

Ruling ensures ‘a President cannot force working Americans to foot the bill for someone else’s Ivy League debt,’ Missouri AG says The U.S. 8th Circuit Court of Appeals ruled Tuesday that former President Joe Biden’s $500 billion student loan bailout is illegal, preventing any aspect of the initiative from being implemented. In his decision, Judge L. Steven Grasz stated that Biden’s Education… Source

1 month ago

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realnewsnow.com

Biden's Failed SAVE Plan: A Dishonest Promise of Debt Relief - Real News Now

In a decisive court determination, the Biden administration’s authority to instigate a student loan forgiveness initiative was officially belittled. The branded proposal, described as ‘Saving on a Valuable Education’ (SAVE) plan, met its end. The plan was designed, dubiously, to extend latitude towards loan borrowers, including extreme allowances such as enabling installment as minuscule as $0 per month. It was a scheme that allowed those with a…

1 month ago

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Student loan forgiveness: Circuit court kills Biden’s SAVE plan - monthly payments may increase

A federal appeals court ruled that the Biden administration did not have the authority to pursue a student loan forgiveness plan. Here's what might happen to borrowers with monthly payments

1 month ago·New Jersey, United States

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jurist.org

US appeals court blocks Biden administration student debt relief plan

Missouri Eighth Circuit Court of Appeals affirmed a preliminary injunction on Tuesday, which blocks former President Joe Biden’s student debt relief plan from taking effect. The plaintiffs in the case are the states of Missouri, Arkansas, Florida, Georgia, North Dakota, Ohio, and Oklahoma. The defendants include President Donald Trump and Denise Carter, the Secretary of the Department of Education (DOE). It’s important to note that President Tru…

1 month ago

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Business Insider

A new court ruling leaves 8 million student-loan borrowers enrolled in Biden's repayment plan blocked from cheaper payments

A federal court permanently blocked President Joe Biden's SAVE income-driven repayment plan.Scott Olson/Getty ImagesA federal court blocked Biden's SAVE student-loan repayment plan.This means borrowers enrolled in the plan cannnot access the lower payments and shorter timelines for debt relief.The case is sent back to district courts and borrowers are expected to remain on forbearance.Former President Joe Biden's key student-loan repayment plan …

1 month ago·United States

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