A shock to US President Joe Biden before the presidential election
Ahead of the presidential election, a court partially blocked President Joe Biden's plan to pay off student loans.
President Joe Biden released a plan last year that would have given student loan borrowers the right to lower monthly payments and a faster path to debt forgiveness.
The lawsuits filed by both Republican states took the position that the president overstepped his authority by initiating the SAVE plan, which both federal judges initially issued partial injunctions against.
2 parts of the SAVE program will remain suspended until the legal process is fully completed.
8 million people had registered in the scheme and the monthly payment was reduced to zero for 4.5 million, thus 5.5 billion dollars of 4.14 thousand students have been waived, but for students who have been paying for 10 years, this can no longer be done. will
It was expected that the loan repayment installment of millions of people will be reduced in July, but now it is not clear whether this will happen or not.