A federal appeals court in Missouri has issued a final ruling against President Biden’s SAVE student loan forgiveness effort.
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TheU.S.8thCircuitCourtofAppealsputafinalendtoformerPresidentJoeBiden’sstudentloanforgivenessplanonTuesday.
MissouriAttorneyGeneralAndrewBaileyoriginallysuedtheBidenadministrationoverits$500millionefforttowipeawaystudentloans,knownastheSAVEplan.Thecourt’sTuesdayrulingfoundthatBiden’ssecretaryofeducationhad“gonewellbeyondthisauthoritybydesigningaplanwhereloansarelargelyforgivenratherthanrepaid.”
BaileynotedinastatementthattherulinghasnoactiveimpactbeyondblockingfuturepresidentsfromattemptingBiden’smaneuver.
“ThoughJoeBidenisoutofoffice,thisprecedentisimperativetoensuringaPresidentcannotforceworkingAmericanstofootthebillforsomeoneelse’sIvyLeaguedebt,”Baileysaidinastatement.
SENATEDEMINKEYBATTLEGROUNDRACEFLIP-FLOPPEDONSTUDENTDEBTUNDERBIDEN:NO‘MAGICWAND’
TheSupremeCourtoftheUnitedStatesdeniedtheBidenadministration�