Alaska, Texas and South Carolina are asking the Supreme Court for emergency intervention to temporarily block implementation of the Biden administration’s latest effort at a student loan handout. (Fox News)
The states filing the emergency application — Alaska, Texas and South Carolina — are now asking the high court to lift the stay.
The Saving on a Valuable Education (SAVE) plan announced by the administration last year would help millions of borrowers enrolled in a federal student loan program to lower their monthly debt payments and provide a path to debt forgiveness.
The lower payments were expected to kick in July 1 for an estimated 8 million borrowers enrolled in the SAVE program.
BIDEN URGES RESPECT FOR LEGAL SYSTEM AFTER TRUMP CONVICTION WHILE PUBLICLY FLOUTING SCOTUS RULINGS
Student loan borrowers stage a rally in front of the White House to celebrate President Biden canceling student debt. (Paul Morigi/Getty Images)
Earlier this year, Biden announced the SAVE plan that cancels debt for enrolled borrowers who have been in repayment for at least 10 years and have $12,000 or less in student loan debt. Those with larger debts will receive relief after an additional year of payments for every additional $1,000 they borrowed.
In June 2023, the Supreme Court ruled 6-3 that federal law does not allow Biden's Secretary of Education to cancel more than $430 billion in student loan debt.
Biden promised at the time that his administration would continue to push for his student debt relief plan.
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Shortly after the court's ruling, Biden said, "I think the court misinterpreted the Constitution."
Shannon Bream currently serves as anchor of FOX News Sunday. She joined the network in 2007 as a Washington D.C- based correspondent covering the Supreme Court. Her latest book is "The Love Stories of the Bible Speak."
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https://www.foxnews.com/politics/gop-led-states-ask-scotus-temporarily-block-biden-student-loan-handout-program