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Will the Biden administration implement a revised version of the SAVE student loan forgiveness program by June 30, 2025?
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Official announcement from the Biden administration or Department of Education
Story
Eighth Circuit Blocks Biden's Half-a-Trillion Dollar SAVE Student Loan Forgiveness Program
Aug 9, 2024, 09:10 PM
The Eighth Circuit Court has blocked the Biden administration from implementing the SAVE student loan forgiveness program. This decision extends a previous administrative stay on the program, which aims to lower monthly payments for millions of borrowers and expedite loan forgiveness. The court's ruling is seen as a significant legal obstacle for the administration's efforts to alleviate student debt, which some critics argue bypasses congressional approval. The program, described as a half-a-trillion dollar initiative, has been controversial, with opponents claiming it unfairly distributes taxpayer money.
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