Federal appeals court orders end to SAVE plan used by millions of student loan borrowers – CNBC

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Federal appeals court orders end to SAVE plan used by millions of student loan borrowers  CNBC
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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 on Monday, the U.S. Court of Appeals for the Eighth Circuit reversed a lower court’s dismissal of a Republican-led legal challenge against SAVE.

The panel of Eighth Circuit judges overturned a February decision by Judge John Ross of the U.S. District Court for the Eastern District of Missouri.