A federal appeals court in Missouri has issued a final ruling against President Biden's SAVE student loan forgiveness effort.

Millions of borrowers pursuing student loan forgiveness could be impacted by the fallout from the recent decision. Here are the key takeaways.

Key Points ・The Eighth Circuit Court of Appeals ruled that the Biden administration exceeded its authority in implementing the SAVE student loan repayment plan. ・The decision halts loan forgiveness provisions under the plan,