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From The Hill:
A federal appeals court ruled Sunday that a key part of President Biden’s student loan forgiveness plan can resume after an injunction was placed on the initiative.
The previous injunction on the Saving on a Valuable Education (SAVE) repayment plan said that the administration could not lower monthly payments or forgive some student debt.
The 10th Circuit U.S. Court of Appeals lifted the injunction on the part that would lower monthly payments, allowing them to drop from 10 percent of discretionary income to 5 percent this month.
The administration did place some borrowers in forbearance while the legal issues are worked out.
I paid for my education in blood, sweat, and tears in service to my nation.
Proud to have blocked your ILLEGAL student loan cancellation scheme not once, but TWICE. https://t.co/O3SoSa0mRe
— Attorney General Andrew Bailey (@AGAndrewBailey) June 30, 2024
