When the 8th U.S. Circuit Court of Appeals blocked the Biden-Harris administration’s latest student loan bailout scheme, it potentially saved American taxpayers nearly half a trillion dollars.
Now, the Supreme Court has spoken. By unanimously rejecting the administration’s request to lift the lower court’s injunction, it effectively blocked this loan-cancellation gambit while underlying litigation proceeds—and prevented Americans from footing the bill for an Ivy League bailout.
The seven-state lawsuit challenged the Saving on a Valuable Education (SAVE) plan, which the states argued was just another version of the bailout scheme that the Supreme Court struck down last summer. The 8th Circuit apparently agreed, even scolding the administration for flouting previous rulings and directing it to put further attempts at “forgiveness” on ice.
To be…
