July 18 (Reuters) – A federal appeals court on Thursday blocked President Joe Biden’s administration from continuing to implement a new student debt relief plan designed to lower monthly payments for millions of Americans. The St. Louis-based 8th U.S. Circuit Court of Appeals granted a request by seven Republican-led states to put on hold parts … Read more
Despite two federal injunctions handed down last week, millions of student loan borrowers will not have to make a payment on their debt in July. This temporary relief is part of what was intended to be a new phase of benefits for borrowers enrolled in the Saving on a Valuable Education (SAVE) plan. What is … Read more
Federal Judges Block Biden’s SAVE Plan, Halting Student Loan Relief Initiatives Legal Setback: Biden’s SAVE Plan Stalls as Courts Halt Student Loan Payment Cuts In a significant setback for President Joe Biden’s student loan repayment initiatives federal judges in Kansas and Missouri issued rulings on Monday night halting key aspects of the SAVE plan, according … Read more
Federal student loan borrowers are navigating a maze of acronyms and evolving policies as the Biden administration unveils significant updates to multiple forgiveness programs. Amidst a series of announcements, borrowers face complex qualifications and mixed messaging, leading to widespread confusion. Biden’s SAVE Plan and Program Challenges In January, the White House introduced the Saving on … Read more