Court Blocks Biden's Student Loan Relief Plan

President Joe Biden faced a setback as a Federal Appeals Court blocked his administration's student loan debt relief plan, known as the SAVE plan, aiming to reduce monthly payments and forgive debts. The court ruling, following legal challenges from Republican-led states, halted the implementation of Biden's initiative that sought to provide relief for millions of borrowers. Despite this, Biden announced the forgiveness of $9 billion in student loans for 35,000 borrowers, part of ongoing efforts to ease the burden of student debt, with a total of 4.76 million beneficiaries. The legal battles around Biden's debt relief initiatives continue amidst a political backdrop, including opposition from Republican officials and judicial hurdles, despite Biden's commitment to making higher education more affordable.