The US 8th Circuit Court of Appeals has struck down the SAVE (Saving on a Valuable Education) plan, halting President Joe Biden’s student debt relief initiative. The ruling, favoring Missouri’s attorney general and other Republican-led states, deemed the plan beyond the education secretary’s legal authority. With student debt exceeding $1.7 trillion, borrowers now face repayment challenges, prompting a shift toward alternative income-driven repayment options.
