A federal judge has extended the restraining order blocking the Biden administration’s latest student loan forgiveness initiative, referred to in court filings as the “Third Mass Cancellation Rule.” This extension follows allegations from a coalition of states claiming that the program is being implemented secretly without proper public notice or approval.
This extension follows allegations from a coalition of states claiming that the program is being implemented secretly without proper public notice or approval.
The SAVE program aims to reduce monthly payments for millions of eligible borrowers based on their income levels and to accelerate student loan forgiveness.
As a result, the Eighth Circuit issued a temporary, nationwide injunction that halts the federal government’s ability to forgive student loan principal or interest under the SAVE plan.
The extension follows a hearing where both sides presented arguments on competing motions—the plaintiffs seeking a preliminary injunction and the defendants pushing for the case’s dismissal.
So now he is trying to do so through cloak and dagger.” The plaintiffs allege that Cardona’s third attempt at loan forgiveness is both the most aggressive and the least legally defensible.
The complaint names Education Secretary Miguel Cardona, the Department of Education, and President Joe Biden as defendants.
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