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Biden's SAVE Plan Faces Supreme Court Scrutiny Amid Legal Battles

Two lawsuits challenge the Biden administration's student loan forgiveness strategy, potentially impacting millions of borrowers.

  • The SAVE plan aims to reduce payments and accelerate loan forgiveness for federal borrowers.
  • Republican-led states argue the plan exceeds the Biden administration's authority under the Higher Education Act.
  • Recent court rulings have paused parts of the SAVE plan, leading to borrower confusion and administrative challenges.
  • The Supreme Court's decision could affect the broader landscape of income-driven repayment programs.
  • More than 8 million borrowers are currently enrolled in the SAVE plan, with their loan payments now in forbearance.
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