Court allows White House to resume plan lowering monthly student loan payments

A federal appeals court is allowing the Biden administration to move forward with plans to cut federal student loan payments for millions of borrowers this month.

In June in a case out of Kansas, a federal judge temporarily blocked the Biden administration from further cutting student loan payments from 10% of a borrower's discretionary income to 5% on July 1 for those signed up under the SAVE Plan. The 10th Circuit Court of Appeals said it can now cut payments starting in July.

In a separate court ruling in June, the Biden administration was temporarily blocked from using the SAVE Plan to outright forgive student loan accounts. That decision remains in place, meaning for now, the Biden administration will not be able to use the SAVE Plan to enact forgiveness.

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