The Supreme Court has put on hold the Biden administration's new student loan repayment plan, maintaining a temporary block while lawsuits progress through lower courts.
The current legal challenges revolve around the SAVE plan, which aims to reduce monthly payments for borrowers based on their income and provides a path toward loan cancellation.
The plan's estimated costs vary significantly, with Republican states challenging it claiming around $475 billion in expenses over the next decade, while the administration cites $276 billion.
This latest setback follows a previous rejection by the Supreme Court of a more extensive plan that would have forgiven over $400 billion in student loan debt.
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