GOP States Sue Biden Administration Over New Student Loan Forgiveness Plan Targeting 25 Million Borrowers

2024-09-05 1,614

Seven Republican-led states have filed a lawsuit against the U.S. Department of Education, challenging President Biden's latest student loan forgiveness plan. The states argue the plan is illegal, following previous court-blocked efforts. They claim the administration aims to cancel loans without congressional approval and allege that loan servicers were instructed to begin canceling eligible loans prematurely. The plan, estimated to cost $147 billion, targets 25 million borrowers.