A federal appeals court on Tuesday blocked the Biden administration’s $475 billion student loan relief plan known as SAVE. Judge L. Steven Grasz determined that Education Secretary Miguel Cardona exceeded his authority in creating the Saving on a Valuable Education (SAVE) income-driven repayment plan.
The 8th U.S. Circuit Court of Appeals sided with the seven Republican-led states that filed a lawsuit against the U.S. Department of Education’s SAVE plan.
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