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Republican States Seek Supreme Court Halt on Biden's Student Loan Relief Plan

Alaska, Texas, and South Carolina challenge the SAVE program, arguing it unlawfully cancels debt and imposes high costs on taxpayers.

  • The SAVE plan aims to reduce monthly payments and offer faster debt forgiveness for millions of borrowers.
  • A federal appeals court recently allowed the plan to proceed, reversing lower court injunctions.
  • The states' emergency appeal argues the plan violates previous Supreme Court rulings and bypasses Congressional approval.
  • Around 8 million borrowers are enrolled in the SAVE plan, with about 3 million expected to see immediate payment reductions.
  • The Supreme Court's decision on the emergency appeal could come within weeks, impacting the plan's future.
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