This is pretty terrible news.

The SAVE plan has always been a bigger deal than forgiveness of past loans. (As a policy matter. Forgiveness of past loans is a BFD if you are among the indebted!)

I hope it survives via appeals, but I expect it will take Congressional action. It’s pretty gross states got standing because they’d get less money from servicing loans not even owed to them.

thehill.com/regulation/court-b