July 19, 2024
Round-up: Appeals Court Blocks Biden SAVE Program
The eight million borrowers enrolled in the Biden Administration’s SAVE repayment plan will be placed in interest-free forebearance after a federal appellate court issued a ruling temporarily blocking the program. In addition, borrowers are unable to apply to the SAVE repayment plan, and applications for other income-driven repayment plans are also unavailable.
The U.S. Court of Appeals for the Eight Circuit in St. Louis granted a request by Missouri and other Republican-led states for an administrative stay, which prevents the Biden administration from “implementing or acting pursuant” to the rule that created the SAVE program last summer, according to the court filing. The one-page order, issued on Thursday, is just the latest in a series that have sprung from separate lawsuits brought by two groups of Republican-led states challenging the legality of the SAVE repayment plan, throwing millions of borrowers — and their financial lives — into limbo.
The SAVE program ties monthly payments to a borrower’s income and household size and is more generous than previous iterations of income-driven repayment plans. Some 4.5 million low-income borrowers have had their payments reduced to zero-dollar payments.
According to The New York Times: the legal action began in March, when eleven states led by Kansas filed a lawsuit in U.S. District Court for the District of Kansas. The next month, Andrew Bailey, the Missouri attorney general, and six other states sued in U.S. District Court for the Eastern District of Missouri. Both suits argued that the administration had exceeded its authority, and that the repayment plan was a backhanded attempt to wipe debts clean.
Biden’s SAVE Plan Blocked by Federal Court
Inside Higher Ed (July 19, 2024)
Appeals Court Blocks Biden’s Student Loan Repayment Plan
The Washington Post (July 19, 2024)
The Uncertain Future of Biden’s Student Loan Repayment Plan, Explained
The Washington Post (July 19, 2024)
Appeals Court Blocks Biden Student Debt Relief Plan
The Wall Street Journal (July 19, 2024)
Biden Administration Pauses Student Loan Payments Amid Legal Challenges
The New York Times (July 19, 2024)
Federal Appeals Court Blocks Remainder of Biden's Student Debt Relief Plan
NPR.org (July 19, 2024)
Appeals Court Blocks Biden’s Student Loan Repayment Plan, in Latest Legal Blow to Administration
Politico.com (July 19, 2024)
Court Allows White House to Resume Plan Lowering Monthly Student Loan Payments
USA Today (July 9, 2024)
Student Loan Borrowers Owe $1.6 Trillion. Nearly Half Aren’t Paying
The New York Times (July 2, 2024)
The U.S. Court of Appeals for the Eight Circuit in St. Louis granted a request by Missouri and other Republican-led states for an administrative stay, which prevents the Biden administration from “implementing or acting pursuant” to the rule that created the SAVE program last summer, according to the court filing. The one-page order, issued on Thursday, is just the latest in a series that have sprung from separate lawsuits brought by two groups of Republican-led states challenging the legality of the SAVE repayment plan, throwing millions of borrowers — and their financial lives — into limbo.
The SAVE program ties monthly payments to a borrower’s income and household size and is more generous than previous iterations of income-driven repayment plans. Some 4.5 million low-income borrowers have had their payments reduced to zero-dollar payments.
According to The New York Times: the legal action began in March, when eleven states led by Kansas filed a lawsuit in U.S. District Court for the District of Kansas. The next month, Andrew Bailey, the Missouri attorney general, and six other states sued in U.S. District Court for the Eastern District of Missouri. Both suits argued that the administration had exceeded its authority, and that the repayment plan was a backhanded attempt to wipe debts clean.
Biden’s SAVE Plan Blocked by Federal Court
Inside Higher Ed (July 19, 2024)
Appeals Court Blocks Biden’s Student Loan Repayment Plan
The Washington Post (July 19, 2024)
The Uncertain Future of Biden’s Student Loan Repayment Plan, Explained
The Washington Post (July 19, 2024)
Appeals Court Blocks Biden Student Debt Relief Plan
The Wall Street Journal (July 19, 2024)
Biden Administration Pauses Student Loan Payments Amid Legal Challenges
The New York Times (July 19, 2024)
Federal Appeals Court Blocks Remainder of Biden's Student Debt Relief Plan
NPR.org (July 19, 2024)
Appeals Court Blocks Biden’s Student Loan Repayment Plan, in Latest Legal Blow to Administration
Politico.com (July 19, 2024)
Court Allows White House to Resume Plan Lowering Monthly Student Loan Payments
USA Today (July 9, 2024)
Student Loan Borrowers Owe $1.6 Trillion. Nearly Half Aren’t Paying
The New York Times (July 2, 2024)