Federal Court Extends Block on Biden's SAVE Student Loan Plan
Ruling halts further implementation of the debt relief program, affecting millions of borrowers.
- The 8th U.S. Circuit Court of Appeals issued an injunction against the SAVE plan, pending further legal review.
- Eight million borrowers currently enrolled in the plan are now in forbearance and will not have to make payments temporarily.
- The court's decision follows previous legal challenges to Biden's broader $430 billion student debt relief initiative.
- Republican-led states argue that the plan exceeds the Department of Education's legal authority and imposes undue costs on taxpayers.
- The Biden administration may seek intervention from the Supreme Court to lift the injunction.
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