From Fox Business: A federal appeals court on Monday officially finalized the termination of the Saving on a Valuable Education (SAVE) plan, the Biden program that significantly lowered repayment rates for millions of student loan borrowers.
The judgment, issued by the U.S. Court of Appeals for the 8th Circuit, reverses a lower court’s February dismissal of a Republican-led legal challenge against the SAVE plan. That ruling was issued by Judge John Ross of the U.S. District Court for the Eastern District of Missouri.
Originally introduced in 2023 under former President Joe Biden, the SAVE plan was hailed as the “most affordable repayment plan ever created” for federal student loan borrowers. The program was the first and only plan in history that prevented the balance from ever growing by subsidizing 100% of all unpaid monthly interest.
More than 7 million student loan borrowers reportedly remain enrolled in the SAVE plan as of the fourth quarter.
The report then provides details on alternative repayment programs available which student loan borrowers are encouraged to switch to.
READ MORE from Fox Business.
Prominent X user Chris Withans posted the following analysis:
This is at least the 3rd time that a circuit court of appeals has ordered the Biden SAVE Plan blocked or terminated, which Biden tried to implement after SCOTUS shutdown his original student loan debt “cancellation” scheme.
Prior attempts were apparently unsuccessful, which is astonishing given how Biden’s long gone, Trump ended the Save plan for new enrollees, and the appeals courts keep shutting down the federal courts.
It was first blocked in June 2024 and yet it has still existed “in limbo” because of district courts seemingly ignoring the appeals courts and the presidential administration, as well as the Supreme Court’s precedent.
There was never any law for the Save plan and there never will be. This entire thing has been an exercise in futility and delay tactics by left-wing debt abolishment activists. Hopefully this actually ends it all.
This is at least the 3rd time that a circuit court of appeals has ordered the Biden SAVE Plan blocked or terminated, which Biden tried to implement after SCOTUS shutdown his original student loan debt “cancellation” scheme. Prior attempts were apparently unsuccessful, which is… https://t.co/rSRGA9CGxY
— Chris (@chriswithans) March 10, 2026
And that’s that — the SAVE plan is effectively dead. Lots of questions remain after a federal appeals court on Monday essentially ended the program, however, including how and when borrowers will need to move their student loans to other plans. https://t.co/niehjj3Ynw
— Adam S. Minsky (@AdamSMinsky) March 10, 2026
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