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NextImg:Supreme Court puts Biden student loan plan on hold for now - Washington Examiner

The Supreme Court on Wednesday temporarily sided with states that sued to pause the Biden-Harris administration’s latest effort to implement student loan forgiveness.

In two separate applications stemming from Missouri and Alaska, Justices Brett Kavanaugh and Neil Gorsuch, respectively, declined to vacate lower court stays on the Biden-Harris administration’s Saving on a Valuable Education, or SAVE, program after referring the matter to the full court.

The plan aimed to replace a previous effort that was shut down in court to forgive up to $20,000 of loans, and would instead lower monthly payments for low-income borrowers.

FILE – President Joe Biden speaks about student loan debt at Madison College, April 8, 2024, in Madison, Wis. Relatively few Americans say they’re fans of Biden’s work on the issue of student loans, according to a new poll from the University of Chicago Harris School of Public Policy and The Associated Press-NORC Center for Public Affairs Research conducted May 16-21. The survey found that three in 10 U.S. adults say they approve of how Biden has handled the issue of student loan debt, while 4 in 10 disapprove. (AP Photo/Evan Vucci, File)

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. Challengers said it would require spending up to $475 billion that was not authorized by Congress.

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The decision marks a temporary blow to the Biden-Harris administration’s efforts as lower courts grapple with the legality of the new plan less than 70 days before the 2024 presidential election.

This is a developing story and will be updated.