News@lemmy.world · 4 months ago

Biden stung by student loan legal loss days before taking effect

www.newsweek.com

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Biden stung by student loan legal loss days before taking effect

www.newsweek.com

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News@lemmy.world · 4 months ago

The Saving on a Valuable Education (SAVE) plan had been set to take effect on July 1.

A Republican-led effort to block one of President Joe Biden’s student loan debt relief programs in court has succeeded just days before it was set to go into effect.

Decisions by U.S. District Judges John Ross in Missouri and Daniel Crabtree in Kansas, both appointees of former President Barack Obama, on Monday sided with GOP state attorneys general in thwarting Biden’s Saving on a Valuable Education (SAVE) plan, according to Reuters.

The SAVE plan, which was set to go into effect on July 1, was initially announced by Biden in 2022 alongside a since-canceled larger plan that would have erased up to $20,000 in student loan debt for tens of millions of borrowers.

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4 months ago
Fyi: people often take out more than one loan, and leave the lowest interest federal loans for last…

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