US Supreme Court blocks Biden's "SAVE" student loan debt relief plan amid legal challenges.

The US Supreme Court has blocked President Biden's main student loan debt relief program, the "SAVE" plan, after a request by the White House. The plan, which allowed borrowers to make payments based on their income and family size, with some having their remaining debt canceled, faced legal challenges from Republican-led states. With the Supreme Court's decision, the future of the plan remains uncertain. Other elements of Biden's student loan forgiveness plan, such as the pause on student loan repayments, remain in effect.

August 28, 2024
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