"Republican Lawsuits Target Biden's Student Loan Forgiveness Plan"

1 min read
Source: Business Insider
"Republican Lawsuits Target Biden's Student Loan Forgiveness Plan"
Photo: Business Insider
TL;DR Summary

Eleven GOP state attorneys general filed a lawsuit to block President Joe Biden's SAVE income-driven repayment plan, arguing that the shortened timeline for debt relief is unconstitutional. The plan, implemented over the summer, aims to provide borrowers with cheaper monthly payments and faster relief. The lawsuit, led by Kansas' Kris Kobach, alleges that the plan flouts the law and ignores Supreme Court decisions. The Education Department official stated that Congress granted the authority to define the terms of income-driven repayment plans, and the SAVE plan is the fourth instance of using that authority. The Biden administration remains committed to providing support and relief to borrowers, despite legal challenges.

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