July 02, 2024
Round-up: Appeals Court Green Lights Biden SAVE Plan
The injunction blocking the Biden Administration’s latest effort to forgive student loan debt was stayed Sunday by a three-judge panel of the U.S. Court of Appeals for the 10th Circuit. The stay allows the Education Department to begin fully implementing the Saving on a Valuable Education (SAVE) program and cutting in half monthly repayments of student loan debt in July.
U.S. District Judge Daniel D. Crabtree of Kansas issued the injunction last week. Justice Department attorneys had implored the higher court to set aside the order pending appeal.
With the ban temporarily lifted, the department said Monday that borrowers with undergraduate debt will see their payments cut from 10 percent to 5 percent of income above 225 percent of the federal poverty line. Borrowers who also have graduate loans will have their payments lowered by the weighted average between 5 percent and 10 percent.
The appeals court ruled days after the Biden administration suspended payments and interest charges for 3 million people enrolled in Save in response to the injunction.
See selected media coverage below:
Appeals Court Lifts Ban on Biden’s Student Loan Repayment Plan
The Washington Post (July 1, 2024)
A Major Part of Biden's Student Loan Repayment Plan, SAVE, Is Restored
The New York Times (July 1, 2024)
US Court Allows Part of Biden Student Debt Relief Plan to Resume
Reuters (July 1, 2024)
US Court Rescues Part of Biden Student Loan SAVE Plan
USA Today (July 1, 2024)
Emergency Order Lifts Block on Parts of Student Debt Relief Plan
Politico.com (July 1, 2024)
Biden Lands Temporary Win as Student Loan Repayment Plan Allowed to Proceed
ABC News.com (July 1, 2024)
Courts Keep Telling Biden His Student Loan Scam Is Illegal. Will It Stop Him? Nah! - Commentary
USA Today (July 1, 2024)
U.S. District Judge Daniel D. Crabtree of Kansas issued the injunction last week. Justice Department attorneys had implored the higher court to set aside the order pending appeal.
With the ban temporarily lifted, the department said Monday that borrowers with undergraduate debt will see their payments cut from 10 percent to 5 percent of income above 225 percent of the federal poverty line. Borrowers who also have graduate loans will have their payments lowered by the weighted average between 5 percent and 10 percent.
The appeals court ruled days after the Biden administration suspended payments and interest charges for 3 million people enrolled in Save in response to the injunction.
See selected media coverage below:
Appeals Court Lifts Ban on Biden’s Student Loan Repayment Plan
The Washington Post (July 1, 2024)
A Major Part of Biden's Student Loan Repayment Plan, SAVE, Is Restored
The New York Times (July 1, 2024)
US Court Allows Part of Biden Student Debt Relief Plan to Resume
Reuters (July 1, 2024)
US Court Rescues Part of Biden Student Loan SAVE Plan
USA Today (July 1, 2024)
Emergency Order Lifts Block on Parts of Student Debt Relief Plan
Politico.com (July 1, 2024)
Biden Lands Temporary Win as Student Loan Repayment Plan Allowed to Proceed
ABC News.com (July 1, 2024)
Courts Keep Telling Biden His Student Loan Scam Is Illegal. Will It Stop Him? Nah! - Commentary
USA Today (July 1, 2024)