KUAR | By Josie Lenora
A judge has blocked part of a Biden era policy to forgive student loans.
The multi-state lawsuit was brought on by seven states including Arkansas, represented by Attorney General Tim Griffin. The suit was against President Joe Biden, Secretary of Education Miguel Cardona and the Department of Education.
The Savings on Valuable Education or “SAVE” plan changes the income threshold for paying back student loans. The plan also forgives loan borrowers after 120 payments if their balances are below $12,000. U.S. District Judge John Ross blocked that part of the law relating to loan forgiveness. It was set to take effect on July 1, and would have amounted to billions in loan forgiveness.
Judge blocks part of SAVE loan forgiveness plans after Arkansas sues