After the Supreme Court's most recent decision, not much has changed for Saving for a Valuable Education (SAVE) plan borrowers.

On Wednesday, the Supreme Court den꧃ied the Department of Education's appeal to lift the block on their income-driven repayment plan. The block will remain in place until 澳洲幸运5开奖号码历史查询:a case about the program's legality is decided.

The Supreme Court's decision doesn't help borrowers 澳洲幸运5开奖号码历史查询:who have been in limbo since the program was first challenged in July—they are still in 澳洲幸运5开奖号码历史查询:forbearance and will not be required to make ♒p๊ayments until the cases are resolved.

"We are disappointed in this decision, particularly because lifting the injunction would have allowed for lower payments and other benefits for borrowers across the country," said a spokesperson from the Department of Education Friday. "The Department will work to minimize further harm and disruption to borrowers as we await a final decision."

Student loan borrower advocates called the tumultuous court case unfa🔜ir.

"This is ludicrous. Millions of people were repaying their student loans. Now they are in limbo," said Mike Pierce, executive director of the Student Borrower Protection Center, in a statement.

What Is The SAVE Plan?

The SAVE plan was rolled out in July 2023 𒁏and was designed to replace the REPAYE✤ plan.

Like its predecessor, SAVE is an income-driven repayment plan in which borrowers would pay 10% of their discretionary income each month and receive fo🌸rgiveness for any remaining loan balance after 20 years (25 years for graduate school loans).

Where the plans differ is that discretionary income was calculated differently, creating lower payments for borrowers. Under SAVE, borrowers' loan balances would also not increase because of interest.

How Did We Get Here?

However, the plan has be♑en contested in lawsuits since early July.

Because discretionary income was calculated differently, nearly 4.5 million borrowers were m𝕴aking progress toward forgiveness without paying anything each month.

In mid-July, the 澳洲幸运5开奖号码历史查询:Eight Circuit Appeals Court ruleꦇd in favor of a coalition of Republican-led states that sued the government to stop the plan. The lawsuit argued the Department of Education was not legally authorized to implement that plan without congressional approval because that forgiveness would come at such a high ꦫcost to the federal government.

Much of the fighting in court thus far has focused on whether or not the plan can continue while the two sides argue the case. Because the back-and-forth was creating chaos for borrowers, the Department of Education put all borrowers enrolled i🎐n the pla🌃n into forbearance.

Earlier this month, the Biden Administration filed an emergency appeal to the Supreme Court requesting the judges to lift the temporary ban on the plan while the case was being decided. The court did not approve the appeal and the case will mov🥂e forward in the appeals court while the block is maintained.