President Joe Biden is struggling to fulfill his campaign promise, thanks to the court stepping in and blocking one of the administration's initiatives.

Through what could only be seen as a classic move on the part of the Democrat Party, Biden essentially promised voters free money, if they cast their votes in his direction.

Of course, it wasn't called free money, it was called student loan debt forgiveness. This was one of the campaign promises that Biden made that he hasn't been able to fulfill, but not without many attempts on his part.

The Plan

The SAVE plan, which was established by the administration to assist student loan borrowers in making lower monthly payments, was not reinstated by the Supreme Court on Wednesday, despite President Biden's request, as Fox Business reported.

The decision was a huge blow to the administration, particularly considering Vice President Kamala Harris has taken up the mantel of campaigning for the White House, something that she is doing, at least partially, on the track record of the current administration.

Legal challenges were raised by states that were governed by Republicans, which resulted in lower courts blocking the plan earlier in the summer.

The court's decision did not immediately affect the millions of consumers who are enrolled in the plan; however, it did prevent new applications.

Initial Block

This plan has been in and out of court, almost as much as Biden's 2020 presidential opponent, former President Donald Trump, with a multiplicity of challenges from interested parties.

Borrowers who were included in the scheme were automatically enrolled in an interest-free pause when the initial block was encountered. Borrowers are not obligated to make monthly payments during this forbearance.

The plan's fate is uncertain as legal disputes in lower tribunals persist. Alaska, South Carolina, and Texas have all requested partial program blocks while they are pursuing their respective legal challenges.

The Biden Administration stated in a statement that they intend to continue efforts to secure student loan forgiveness, despite the fact that the Education Department is unable to offer the SAVE plan to new borrowers.

From the Administration

"The Biden-Harris Administration will continue to aggressively defend the SAVE Plan in court and continue to pursue all available tools to reduce the burden of student loans on borrowers across the country," the statement said.

Federal relief does not apply to individuals who have private student loans and anyone who had hoped to be part of the program with this type of liability could consider refinancing student loans to reduce monthly payments.

The proportion of Americans who are nearing retirement age and still owe money on student loans has increased by more than 500% in the past 20 years, according to research from New America. There were 3.5 million people in the United States with debts of more than $1.25 billion in student loans in 2022.