It looks like the end of the line for SAVE after a US appeals court blocked the student loan debt relief program. The Eighth Circuit Court of Appeals ruled Tuesday that former President Joe Biden's administration exceeded its authority by designing the Saving for a Valuable Education plan to largely forgive loans rather than requiring borrowers to repay them.

Key Points ・Thousands of borrowers are seeing sudden credit score drops after student loan servicers began reporting delinquencies following the end of the federal repayment on-ramp period. ・Many were unaware they were considered late due to confusion over the repayment timeline and loan servicer communications.