Millions at risk as judges block key parts of Biden's student loan relief and repayment plan.

• President Joe Biden's new student loan repayment plan has been partially blocked by two federal judges.
• The SAVE plan's implementation by the U.S. Department of Education is temporarily halted due to preliminary injunctions, specifically those that prevent the lower payments from starting in July.
• The Biden administration won't be able to forgive any more debt under the plan until the cases are decided.

Millions of Americans' debt relief is in jeopardy as two federal judges in Kansas and Missouri temporarily halted significant parts of President Joe Biden's new student loan repayment plan.

The Monday evening rulings halt the implementation of major provisions of the Saving on a Valuable Education, or SAVE, plan by the U.S. Department of Education. As a result, the Biden administration is unable to forgive any more debt under the new income-driven repayment plan and cannot reduce borrowers' payments in July, as planned.

Since its launch in August, over 8 million borrowers have joined the SAVE plan, with their monthly bills dropping by half or more just a week away.

Higher education expert Mark Kantrowitz stated that borrowers would be disappointed and angry upon the sudden withdrawal of financial relief.

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The preliminary injunctions were issued due to lawsuits filed by Republican-led states earlier this year, aiming to challenge the Biden administration's creation of an affordable student loan repayment plan. Under the plan, borrowers pay only 5% of their discretionary income towards their debt each month, and those earning $32,800 or less have a $0 monthly payment.

The Supreme Court blocked the Biden administration's sweeping plan to forgive student debt, prompting the states to argue that the administration was overstepping its authority and trying to find a roundabout way to achieve the same goal.

U.S. Secretary of Education Miguel Cardona vowed to fight for the relief.

Officials from the Republican party and special interests filed a lawsuit to prevent their own constituents from gaining access to the benefits of a plan, despite the Department's use of the authority under the Higher Education Act to implement income-driven repayment plans for the past three decades.

He stated that the Department of Justice will persistently defend the SAVE Plan.

The Biden administration's second attempt to deliver broad student loan forgiveness is ongoing, despite the Supreme Court ruling its first aid package unconstitutional.

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