In a major setback for the Biden administration, a federal appeals court has broadened a prior block on the student loan forgiveness scheme known as “SAVE.” The Eighth Circuit Court’s ruling halts any further loan forgiveness. It also prevents the Department of Education from pausing interest or implementing the payment threshold features. Th...
The Biden administration has paused payments for eight million borrowers enrolled in the Saving on a Valuable Education (SAVE) plan. This is in response to a court’s temporary block on the student debt relief program. Secretary of Education Miguel Cardona criticized the court’s decision, which he says could have severe effects on ...
