1. United States
2. Tenn.
3. Letter

The recent ruling by the 8th Circuit Court of Appeals overturning the Biden administration's Saving on a Valuable Education (SAVE) plan is a devastating setback for millions of student loan borrowers. The SAVE plan aimed to provide the most affordable student loan repayment option ever, with monthly payments as low as $0 for some borrowers and loan forgiveness after 10 years. This decision means borrowers will likely face higher monthly payments and lose the opportunity for debt relief in a shorter timeframe. The student debt crisis continues to burden Americans, with many struggling to afford unaffordable monthly loan payments. It is imperative that we prioritize solutions that ease this financial burden and provide a path towards debt relief. The court's ruling underscores the urgent need for clear, equitable policies to address the student loan crisis and ensure borrowers are not left adrift. We request that comprehensive measures be taken to establish truly affordable repayment plans and loan forgiveness programs. Allowing the current system of crippling student debt to persist is unjust and detrimental to the well-being of millions. It is time to enact reforms that prioritize the financial security of student borrowers over profits, providing them with the relief they desperately need.