Big Win for Biden: Court Approves Student Loan Relief, 8 Million to Benefit
July 2, 2024![Big Win for Biden: Court Approves Student Loan Relief, 8 Million to Benefit](https://cdn.brief.news/images/stories/9b7dac1ca0fd71239af81690b661cca085dc924bd616a7c66bdd0721498cd3e87631f5a94696b3f39cd50e770355292a91c2f7b0ea83098a51d8eef0386f8ea3.jpg)
The 10th Circuit Court of Appeals has allowed President Biden's student loan relief plan, the SAVE plan, to move forward.
The SAVE plan will lower monthly payments for borrowers and offer debt forgiveness after 10 years.
The plan has already enrolled 8 million borrowers.
It reduces the payment threshold to 5% of discretionary income for those on the income-driven repayment plan.
GOP state attorneys general are still challenging loan forgiveness in court.
The U.S. Education Department is working to provide guidance to impacted borrowers.
Education Secretary Miguel Cardona is committed to reforming the student loan system and making college more affordable.
Summary based on 7 sources
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![US court allows part of Biden student debt relief plan to resume](https://cdn.brief.news/images/links/d7dd400995173129e41120e4a524574650bcdc4e62f433c45ec7ff45847e74b401ad201f0c28a0df362cd3111df56f30ab7248de9dc0e460782d710ee2a55db5.jpg)
Yahoo News • Jul 1, 2024
US court allows part of Biden student debt relief plan to resume![Appeals court allows part of Biden student loan repayment plan to go forward - Los Angeles Times](https://cdn.brief.news/images/links/e893b56ecaad4fcce83207fe2994f3afe99a93122b65a13c596479d1872366e1b1a5ee39647dbd8cd8d7a1d1494ec4a489c024e3758e3a28a26fb56867e7663f.jpg)
Los Angeles Times • Jul 1, 2024
Appeals court allows part of Biden student loan repayment plan to go forward - Los Angeles Times