Home » Circuit court puts final nail in the coffin for Biden’s $500M student loan forgiveness plan

Circuit court puts final nail in the coffin for Biden’s $500M student loan forgiveness plan

A federal appeals court in Missouri has issued a final ruling against President Biden’s SAVE student loan forgiveness effort.

TheU.S.8thCircuitCourtofAppealsputafinalendtoformerPresidentJoeBiden’sstudentloanforgivenessplanonTuesday. MissouriAttorneyGeneralAndrewBaileyoriginallysuedtheBidenadministrationoverits$500millionefforttowipeawaystudentloans,knownastheSAVEplan.Thecourt’sTuesdayrulingfoundthatBiden’ssecretaryofeducationhad“gonewellbeyondthisauthoritybydesigningaplanwhereloansarelargelyforgivenratherthanrepaid.” BaileynotedinastatementthattherulinghasnoactiveimpactbeyondblockingfuturepresidentsfromattemptingBiden’smaneuver. “ThoughJoeBidenisoutofoffice,thisprecedentisimperativetoensuringaPresidentcannotforceworkingAmericanstofootthebillforsomeoneelse’sIvyLeaguedebt,”Baileysaidinastatement. SENATEDEMINKEYBATTLEGROUNDRACEFLIP-FLOPPEDONSTUDENTDEBTUNDERBIDEN:NO‘MAGICWAND’ TheSupremeCourtoftheUnitedStatesdeniedtheBidenadministration�