• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Circuit court puts final nail in the coffin for Biden’s $500M student loan forgiveness plan

by February 18, 2025
written by February 18, 2025

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 of education had ‘gone well beyond this authority by designing a plan where loans are largely forgiven rather than repaid.’

Bailey noted in a statement that the ruling has no active impact beyond blocking future presidents from attempting Biden’s maneuver.

‘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.

The Supreme Court of the United States denied the Biden administration’s 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.

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.

‘Our Administration will continue to aggressively defend the SAVE Plan – 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’t stop fighting against Republican elected officials’ efforts to raise costs on millions of their own constituents’ student loan payments.’

Biden introduced SAVE after the Supreme Court struck down his initial student loan forgiveness plan. The White House said 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.

Fox News’ Greg Wehner contributed to this report.

Read the full 8th Circuit ruling here:

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Vice President JD Vance to speak at CPAC’s opening day
next post
Former USAID official warns China is already looking to fill void left by paused programs

related articles

Inside Trump’s ultimatum that forced Netanyahu to the...

October 23, 2025

Vance rebukes Israel on ‘very stupid’ vote to...

October 23, 2025

Top Republican slams Katherine Clark for admitting suffering...

October 23, 2025

Vance calls Psaki comments about wife Usha ‘disgraceful’

October 23, 2025

Trump yet to endorse in VA governor’s race...

October 23, 2025

DAVID MARCUS: Trump’s ballroom is no vanity project,...

October 23, 2025

Examining the next threat from Communist China: Our...

October 23, 2025

Sparks fly as Cuomo, Mamdani tear into each...

October 23, 2025

Schumer blocks 12th GOP bid to reopen government...

October 22, 2025

Trump meets NATO’s Rutte amid canceled Putin meeting:...

October 22, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Biden’s stunning exit, one year later: The dropout heard around the country

    July 21, 2025
  • MAGA law group fights to expose how Biden’s DEI agenda may have tainted life-saving organ transplants

    July 2, 2025
  • DeSantis goads Congress to follow FL’s DOGE blueprint as Musk’s cuts still wait for vote

    May 28, 2025
  • Trump secures record-shattering $1.4B for political war chest; will be ‘dominant force’ for GOP in midterms

    June 27, 2025
  • Israel hits the ‘heart’ of Iran’s nuclear program in Natanz facility strike

    June 13, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,503)
  • Investing (634)
  • Stock (941)

Latest Posts

  • With 15 days until voting starts, ‘election season’ kicks off sooner than you think

    August 22, 2024
  • Trump visits Qatar as country’s jet offer puts spotlight on nation’s growing influence in Washington

    May 14, 2025
  • Short MSFT: break of trend support and disappointing azure revenue signal near-term downtrend potential

    July 31, 2024

Recent Posts

  • Biden strangely calls Mike Johnson ‘dead on arrival’ in response to criticism of proposed SCOTUS reforms

    July 30, 2024
  • Plug Power posts disappointing Q2 earnings as stock prices tumble: Is now the time to buy?

    August 8, 2024
  • Trump draws laughs from world leaders moments into UN speech

    September 23, 2025

Editor’s Pick

  • EURUSD and GBPUSD: Pound loses momentum below 1,3000

    July 19, 2024
  • Trump open to considering re-entry into World Health Organization: ‘They’d have to clean it up’

    January 27, 2025
  • GREGG JARRETT: Biden, the ‘marionette president’ and the case of the runaway autopen

    June 5, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock