{"id":14991,"date":"2024-07-23T22:17:38","date_gmt":"2024-07-23T22:17:38","guid":{"rendered":"https:\/\/newsx48.info\/?p=14991"},"modified":"2024-07-23T22:17:38","modified_gmt":"2024-07-23T22:17:38","slug":"14991","status":"publish","type":"post","link":"https:\/\/newsx48.info\/?p=14991","title":{"rendered":""},"content":{"rendered":"

The 8th U.S. Circuit Court of Appeals sided with the seven Republican states who brought the case to stop parts of the U.S. Department of Education\u2019s debt relief plan that were not previously blocked by a lower court, Reuters reported<\/a>.<\/p>\n

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The outlet added:<\/p>\n

That ruling last month by U.S. District Judge John Ross in St. Louis had blocked the department from granting further loan forgiveness under the administration\u2019s Saving on a Valuable Education (SAVE) Plan but had not blocked all of the plan.<\/em><\/p>\n

That plan provides more generous terms than past income-based repayment plans, lowering monthly payments for eligible borrowers and allowing those whose original principal balances were $12,000 or less to have their debt forgiven after 10 years.<\/em><\/p>\n

State attorneys general led by Missouri Attorney General Andrew Bailey subsequently last week asked the 8th Circuit to block the rest of the SAVE Plan. The court did so through a one-page order granting an administrative stay.<\/em><\/p>\n

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\u201cJUST IN: The Court granted our emergency motion to BLOCK Joe Biden\u2019s entire illegal student loan plan, which would have saddled working Americans with half-a-trillion dollars in Ivy League debt. HUGE win for every American who still believes in paying their own way,\u201d the Missouri attorney general said on X, formerly Twitter.<\/p>\n

A spokesperson for the Department of Education said they are assessing the decision and \u201cwill continue to aggressively defend the SAVE Plan.\u201d<\/p>\n

In April, a coalition of conservative-led states joined forces to stop the president\u2019s new student loan forgiveness scheme.<\/p>\n

The group of 11 Republican attorneys general filed a lawsuit against his news plan in the U.S. District Court for the District of Kansas on March 28 in which they called the program unlawful and said that the Biden administration did not have the authority to implement it, The Epoch Times reported<\/a>.<\/p>\n

\u201cA coalition of States sues Defendant Biden, as well as co-defendants the Department of Education and Secretary of Education Miguel Cordona, to stop a second attempt to avoid Congress and pass an illegal student debt forgiveness,\u201d the lawsuit said.<\/p>\n

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\"Apse28thMay1\"<\/p>\n

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\u201cJust ten days after the Supreme Court\u2019s rebuke, Defendants released a Rule purporting to abolish at least $156 billion in student debt, with at new \u2018SAVE Plan\u2019 as its centerpiece,\u201d it said.<\/p>\n

The Epoch Times added:<\/p>\n

In the summer of 2023, the Supreme Court blocked President Biden\u2019s plan to cancel $430 billion in student loan debt for some 43 million Americans, protecting taxpayers from having to foot the bill and delivering a blow to one of the president\u2019s campaign promises.<\/em><\/p>\n

Undeterred by the Supreme Court ruling, President Biden quickly rolled out a new student loan forgiveness scheme to take its place, this one an income-driven repayment plan that forgives a portion of student debt based on the borrower\u2019s income and family size.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The 8th U.S. Circuit Court of Appeals sided with the seven Republican states who brought the case to stop parts of the U.S. Department of Education\u2019s debt relief plan that were not previously blocked by a lower court, Reuters reported. The outlet added: That ruling last month by U.S. District Judge John Ross in St….<\/p>\n

Read More “”<\/span> »<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/newsx48.info\/index.php?rest_route=\/wp\/v2\/posts\/14991"}],"collection":[{"href":"https:\/\/newsx48.info\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsx48.info\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsx48.info\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsx48.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14991"}],"version-history":[{"count":1,"href":"https:\/\/newsx48.info\/index.php?rest_route=\/wp\/v2\/posts\/14991\/revisions"}],"predecessor-version":[{"id":14992,"href":"https:\/\/newsx48.info\/index.php?rest_route=\/wp\/v2\/posts\/14991\/revisions\/14992"}],"wp:attachment":[{"href":"https:\/\/newsx48.info\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsx48.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsx48.info\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}