Where does President Biden’s student loan forgiveness plan stand after a Missouri federal judge placed an injunction on the administration’s initiative last week? The Saving on a Valuable Education (SAVE) Plan, which features a clause to eliminate 100% of remaining interest for loan borrowers, sits in legal purgatory at this time. Edvisors director of corporate communications Elaine Rubin sits down with Brad Smith to talk about the Biden administration’s biggest hurdles in pushing forward its student loan forgiveness agenda. “So in this election year, we know that the Kamala [Harris] administration, they are aiming to continue some of the plans that the Biden administration has already started. So defending the SAVE Plan and going towards that broad forgiveness,” Rubin explains. “The Trump administration has been relatively quiet on these specific plans. However, when it comes down to it, there are some very significant platforms that he’s running for in higher education, including some of the platforms of eliminating different types of forgiveness options and potentially even eliminating the US Department of Education.”
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