U.S. Appeals Court Blocks Joe Biden’s Student Debt Forgiveness Plan

The 8th U.S. Circuit Court of Appeals blocked former President Joe Biden’s Saving on a Valuable Education (SAVE) plan, which would have transferred student loan debt from borrowers to taxpayers.

CNBC reported that the decision by the appeals court came after “seven Republican-led states” filed a lawsuit against the Department of Education’s SAVE plan and “argued” that Biden had no “authority to establish” the SAVE plan and that he had been “trying to find a roundabout way to forgive student debt.”

The GOP states argued that Biden, with SAVE, was essentially trying to find a roundabout way to forgive student debt after the Supreme Court blocked his sweeping debt cancellation plane in June 2023.