South Carolina attorney general asks Supreme Court to stop student loan plan

(The Center Square) — South Carolina Attorney General Alan Wilson has filed an emergency request asking the United States Supreme Court to stop the SAVE student loan repayment plan.

Last month, a federal district court granted a preliminary injunction to put the plan — formally named the Saving on a Valuable Education Plan — on hold.

Wilson previously called the ruling "a huge win for South Carolina."

However, the 10th U.S. Circuit Court of Appeals granted the U.S. Department of Education's request for an injunction, allowing the repayment plan to take effect. The attorneys general of Texas and Alaska joined in asking the nation's highest court to stop the loan repayment plan.

"The Supreme Court already ruled in another case that the Biden administration doesn't have the authority to waive hundreds of billions of student loan repayments," Wilson said in a statement. "But President Biden is trying to go around that and do it anyway. This is classic grandstanding by the President of the United States. It would mean all taxpayers will be saddled with paying off billions of dollars of these students' debts."

Last year, the U.S. Supreme Court nixed Biden's previous plan to cancel student debt payments. The earlier attempt aimed to use 2003's Higher Education Relief Opportunities for Students Act to forgive billions of dollars in debt.

Last month's ruling did not "unwind" elements of the SAVE Plan that had already taken effect.