Biden student loan plan bailed out — for now

Published July 2, 2024 8:45am ET



A portion of President Joe Biden’s student loan forgiveness plan can go forward after an appeals court ruling, which will allow millions of borrowers to make lower debt payments.

The Saving on a Valuable Education, or SAVE, Plan is aimed at making debt repayment more affordable for low- and middle-income borrowers. Federal judges in Kansas and Missouri stalled parts of its implementation on June 24. 

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