


Two federal judges blocked parts of President Joe Biden’s student loan forgiveness plan.
Federal judges in Missouri and Kansas ruled that the Saving on a Valuable Education program can’t be fully implemented. So far, debt for over 400,000 borrowers has been forgiven, at the amount of $5.5 billion.
Missouri Attorney General Andrew Bailey, who put forward the challenge to SAVE, celebrated the move in a post on X.
“BREAKING: The Court has granted our motion to BLOCK Joe Biden’s illegal student loan plan,” he said. “Congress never gave Biden the authority to saddle working Americans with half-a-trillion dollars in other people’s debt. A huge win for the Constitution.”
In Kansas, District Judge Daniel Crabtree ruled that Biden didn’t get sufficient approval from Congress for the move. And in Missouri, District Judge John Ross argued that forgiveness would illegally deprive state lenders of revenue.
CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER
Republicans have long opposed Biden’s student loan forgiveness plan, arguing that it harms taxpayers who didn’t go to college, as well as those who have already paid off their debts.
The Penn Wharton Budget Model estimated that Biden’s SAVE program could cost taxpayers $475 billion.