US President Joe Biden gestures after speaking about student loan debt relief at Madison Area Technical College in Madison, Wisconsin, April 8, 2024.
Andrew Caballero-Reynolds | AFP | Getty Images
A federal appeals court will allow a key part of President Joe Biden‘s student loan relief plan to resume as the legal challenges against it unfold.
In a Sunday ruling, the 10th Circuit Court of Appeals granted the Biden administration’s request to stay an order from last week that temporarily blocked a provision of its Saving on a Valuable Education, or SAVE, plan.
The decision is a major win for President Joe Biden, experts say. The SAVE plan was his biggest accomplishment to date in delivering relief to millions of student loan borrowers. So far, around 8 million borrowers have signed up for the new income-driven repayment plan, according to the White House.
The appeals court ruling will allow the Biden administration to go ahead with lowering borrowers’ monthly payments.
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