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U.S. Appeals Court Blocks Biden's Student Loan Forgiveness Plan

Joe Biden

The U.S. 8th Circuit Court of Appeals delivered a final blow to former President Joe Biden's student loan forgiveness plan on Tuesday. The court ruled against the Biden administration's $500 million initiative, known as the SAVE plan, which aimed to eliminate student loan debt.

Missouri Attorney General Andrew Bailey initiated the legal challenge against the Biden administration, arguing that the Secretary of Education had overstepped their authority by proposing a plan that primarily forgave loans instead of requiring repayment.

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