SOFI - Appeals Court Blocks Biden's SAVE Student Loan Debt Relief Plan | Benzinga
A federal appeals court has blocked President Joe Biden’s administration from implementing its Saving on a Valuable Education (SAVE) student debt relief plan.
The Details: The St. Louis-based 8th U.S. Circuit Court of Appeals granted a request by seven states to put on hold parts of the U.S. Department of Education’s debt relief plan. Combined with a previous ruling last month by U.S. District Judge John Ross in St. Louis, the entire SAVE plan is now blocked from being implemented as the legal process continues.
“Appellants’ emergency motion for an administrative stay prohibiting the appellees ...