President Joe Biden speaks on student loan debt forgiveness at the White House, Oct. 4, 2023, in Washington. A group of Republican-led states filed a federal lawsuit Thursday, March 28, 2024, suing the Biden administration to block a new student …TOPEKA, Kan. —
Biden announced the SAVE repayment plan in 2022, alongside a separate plan to cancel up to $20,000 in debt for more than 40 million Americans. The Supreme Court blocked the cancellation plan after Republican states sued, but the court didn’t examine SAVE, which was still being hashed out. “In a completely brazen fashion, the president pressed ahead anyway,” Kobach said during a news conference at the Kansas Statehouse. “The law simply does not allow President Biden to do what he wants to do.”
The plan’s provisions are being phased in this year, and the quicker path to cancellation was originally scheduled to take effect later this summer. But the Biden administration accelerated that benefit and started canceling loans for some borrowers in February.
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