The U.S. Supreme Court has declined the Biden-Harris administration’s request to reinstate the SAVE Plan following the GOP-led lawsuit which escalated through the court system.
The U.S. Supreme Court has said it expects the 8th Circuit Court of Appeals to make a final ruling on the fate of the SAVE plan.
This is another blow to the Biden-Harris administration’s efforts to provide student loan debt relief. The Supreme Court blocked an effort last year to provide student loan borrowers with a one-time student loan forgiveness of up to $20,000.
No Action Yet on those Already Enrolled in the SAVE Plan
Until the lower courts make a final ruling, the 8 million borrowers currently enrolled in the SAVE income-driven repayment plan will remain in an interest-free forbearance. The Department of Education was forced to halt the plan last month when the court issued an injunction.
President Biden has vowed to “use every tool at our disposal to get you the student debt relief you need.” The SAVE plan promised to lower monthly payments more than other IDR plans and offered a quicker path to forgiveness.
For users on IonTuition, please log into your account and contact an IonTuition student loan repayment counselor if you have any questions.