Source: Fox News
“The U.S. 8th Circuit Court of Appeals put a final end to former President Joe Biden’s student loan forgiveness plan on Tuesday. Missouri Attorney General Andrew Bailey originally sued the Biden administration over its $500 million effort to wipe away student loans, known as the SAVE plan. The court’s Tuesday ruling found that Biden’s secretary of education had ‘gone well beyond this authority by designing a plan where loans are largely forgiven rather than repaid.’ Bailey noted in a statement that the ruling has no active impact beyond blocking future presidents from attempting Biden’s maneuver. ‘Though Joe Biden is out of office, this precedent is imperative to ensuring a President cannot force working Americans to foot the bill for someone else’s Ivy League debt,’ Bailey said in a statement.” (02/18/25)