A federal court has now blocked Biden's new student-loan repayment plan in full, prohibiting borrowers from getting cheaper payments and debt cancellation
A federal court blocked the SAVE student-loan repayment plan in its entirety.
Paul Morigi/Getty Images for Care Can't Wait Action
- The 8th Circuit on Thursday blocked the SAVE student-loan repayment plan in full.
- This means that debt cancellation and cheaper payments through the plan cannot be implemented.
- This also reverses the 10th Circuit's decision that allowed some of SAVE's provisions to continue.
A major repayment plan for millions of student-loan borrowers is once again blocked.
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