Staff Reports
The Eighth Circuit Court of Appeals has put a stop to President Joe Biden’s Saving on a Valuable Education (SAVE) plan, delivering yet another blow to his student debt forgiveness agenda. This blockage comes after two federal judges in Kansas and Missouri had already halted certain aspects of the plan that aimed to provide a quicker path to loan cancellation and lower monthly payments. However, the 10th Circuit Court of Appeals had previously allowed the Education Department to continue the plan.
The Biden administration’s SAVE plan was intended to be a fallback option after the Supreme Court struck down a previous plan that would have forgiven up to $20,000 in student loans for millions of borrowers. This income-driven plan aimed to offer lower monthly payments, but it seems that conservative judges aren’t buying into the administration’s attempts to solve the student loan crisis.
Federal appeals court blocks the last of Biden's student debt forgiveness plan https://t.co/Lqtpj1ZKy0
— John Solomon (@jsolomonReports) July 18, 2024
In response to the ruling, the Education Department released a statement vowing to continue their fight for the SAVE plan, claiming it has been beneficial to over 8 million borrowers. The department also took a swipe at Republican elected officials, accusing them of trying to raise costs on their own constituents’ student loan payments. Once again, it’s the classic blame game from the left, accusing conservatives of heartlessly opposing relief measures.
Despite the setback, the Education Department is still assessing the impacts of the ruling and plans to communicate with the affected borrowers. However, it’s highly likely that this ongoing legal battle will ultimately end up in the Supreme Court, with the fate of Biden’s student debt forgiveness plan hanging in the balance.
It’s no surprise that conservative judges are standing up against the Biden administration’s attempts to implement sweeping forgiveness measures. While student debt is undoubtedly a burden for many Americans, the solution isn’t to simply wipe away the debt and leave taxpayers to foot the bill. It’s time for responsible individuals to take personal accountability for their financial decisions and work towards paying off their own debts. It’s clear that the conservative judges in this case understand this principle and are not willing to let the government offload this responsibility onto the American people.
So, for now, the SAVE plan remains blocked, and the student loan forgiveness saga continues. Will Biden find a way to push through his agenda, or will conservative judges continue to protect the principle of individual responsibility? Only time and the Supreme Court will tell.
