A U.S. appeals court has delivered another blow to the SAVE plan—an income-driven student loan replacement program implemented by the Biden administration. That’s more bad news for Americans seeking relief from crushing levels of student debt.
About 8 million federal student loan borrowers enrolled in the SAVE plan, which has been frozen for months as it faced court challenges. Seven Republican-led states—Missouri, Arkansas, Florida, Georgia, North Dakota, Ohio, and Oklahoma—sued the U.S. Department of Education claiming that the department and former President Joe Biden lacked the authority to forgive millions of dollars in student loans.
