The U.S. 8th Circuit Court of Appeals put a final end to former President Joe Biden’s student loan forgiveness plan on Tuesday.<\/p>\n
Missouri Attorney General Andrew Bailey originally sued the Biden administration over its $500 million effort to wipe away student loans, known as the SAVE plan. The court’s Tuesday ruling found that Biden’s secretary of education had “gone well beyond this authority by designing a plan where loans are largely forgiven rather than repaid.”<\/p>\n
Bailey noted in a statement that the ruling has no active impact beyond blocking future presidents from attempting Biden’s maneuver.<\/a><\/p>\n “Though Joe Biden is out of office, this precedent is imperative to ensuring a President cannot force working Americans to foot the bill for someone else’s Ivy League debt,” Bailey said in a statement.<\/p>\n SENATE DEM IN KEY BATTLEGROUND RACE FLIP-FLOPPED ON STUDENT DEBT UNDER BIDEN: NO \u2018MAGIC WAND\u2019<\/u><\/strong><\/a><\/p>\n The Supreme Court of the United States<\/u><\/a> denied the Biden administration\u2019s request to lift a block on the SAVE plan last year. A federal appeals court in Missouri had earlier blocked the entire SAVE program from being enforced while litigation over the merits continues in the lower courts. The Department of Justice, which is part of the Biden administration, most recently asked the high court for emergency relief.<\/p>\n DEM STAFFER BLASTED FOR SPENDING HABITS AFTER GOING VIRAL FOR THANKING BIDEN FOR ERASING $8K STUDENT DEBT<\/u><\/strong><\/a><\/p>\n The Biden administration argued the court went too far when it issued a nationwide injunction, which effectively put a temporary freeze on the SAVE plan.<\/p>\n FEDERAL COURT BACKS MISSOURI AG MOTION TO BLOCK BIDEN’S \u2018ILLEGAL\u2019 STUDENT LOAN HANDOUT PLAN<\/u><\/strong><\/a><\/p>\n “Our Administration will continue to aggressively defend the SAVE Plan \u2013 which has helped over 8 million borrowers access lower monthly payments, including 4.5 million borrowers who have had a zero dollar payment each month,” a White House spokesperson told Fox News Digital at the time. “And, we won\u2019t stop fighting against Republican elected officials\u2019 efforts to raise costs on millions of their own constituents\u2019 student loan payments.”<\/p>\n CLICK HERE TO GET THE FOX NEWS APP<\/u><\/strong><\/a><\/p>\n Biden introduced SAVE after the Supreme Court struck down his initial student loan forgiveness plan. The White House said<\/u><\/a> that the SAVE plan could lower borrowers’ monthly payments to zero dollars, reduce monthly costs in half and save those who make payments at least $1,000 yearly. Additionally, borrowers with an original balance of $12,000 or less will receive forgiveness of any remaining balance after making 10 years of payments.<\/p>\n Fox News’ Greg Wehner contributed to this report.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":" The U.S. 8th Circuit Court of Appeals put a final end to former President Joe Biden’s student loan forgiveness plan on Tuesday. Missouri Attorney General Andrew Bailey originally sued the Biden administration over its $500 million effort to wipe away student loans, known as the SAVE plan. The court’s Tuesday ruling found that Biden’s secretary … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-33681","post","type-post","status-publish","format-standard","hentry","category-blog"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/33681","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/comments?post=33681"}],"version-history":[{"count":0,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/33681\/revisions"}],"wp:attachment":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/media?parent=33681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/categories?post=33681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/tags?post=33681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}