Court Blocks Biden's SAVE Plan, Pauses Payments for 8 Million Borrowers

The temporary halt on the student debt relief program raises concerns of financial instability and legal battles.

• The 8th Circuit Court of Appeals issued a temporary block on the Saving on a Valuable Education (SAVE) plan.
• More than 8 million borrowers enrolled in SAVE will have their payments paused and placed in interest-free forbearance.
• The Biden administration and student debt advocates warn of severe financial consequences for borrowers if the block remains.
• Republican-led states argue that the SAVE plan exceeds the legal authority granted to the administration.
• The Education Department continues to defend the plan, emphasizing its benefits for low-income borrowers.

60 Articles

Reason.com Boston Globe Blaze Media The Hill CNBC Truthout Newsweek Forbes The Post Millennial CNN Business Insider American Greatness Crooks and Liars CNBC Los Angeles Times UPI Investopedia The Hill ABC News Newsweek The Daily Signal CBS News The Sacramento Bee Washington Post The Independent Benzinga Forbes The Daily Beast New York Post CNBC The Seattle Times Associated Press ABC News Fox Business Denver Gazette CNN mint Business Insider Forbes Investopedia The Daily Caller Cleveland Plain Dealer Financial Post Associated Press The Daily Wire Scripps News Newsweek NDTV Fox Business One America News Network Washington Free Beacon Forbes UPI Denver Gazette CNN Business Insider CBS News CNBC The White House Washington Post