TBA Law Blog


Posted by: Stacey Shrader Joslin on Jul 1, 2024

A three-judge panel of the 10th U.S. Circuit Court of Appeals has allowed President Joe Biden to move forward with implementing a key part of a new student debt relief plan designed to lower monthly payments for millions of Americans, Reuters reports. The move puts on hold an injunction issued by a judge in Kansas last week. That judge had concluded that the Higher Education Act of 1965 did not clearly authorize the type of "unprecedented and dramatic expansion" of income-based repayment plans envisioned. The Saving on a Valuable Education (SAVE) Plan provides more generous terms than past income-based repayment plans, lowering monthly payments for eligible borrowers and allowing those whose original principal balances were $12,000 or less to have their debt forgiven after 10 years.