A federal appeals court has ordered the end of the Saving on a Valuable Education, or SAVE, plan, the Biden administration-era repayment program that brought lower monthly bills to millions of student loan borrowers.
In a judgment issued late Monday, the U.S. Court of Appeals for the 8th Circuit reversed a lower court’s dismissal of a Republican-led legal challenge against SAVE.
The panel of 8th Circuit judges overturned a February decision by Judge John Ross of the U.S. District Court for the Eastern District of Missouri.