"Republican-led Multistate Lawsuit Challenges Biden's Student Loan Forgiveness Plan"

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Source: Fox Business
"Republican-led Multistate Lawsuit Challenges Biden's Student Loan Forgiveness Plan"
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TL;DR Summary

Kansas Attorney General Kris Kobach is leading a group of 11 states in filing a lawsuit against President Biden's latest student loan forgiveness plan, arguing that it violates the Supreme Court's ruling and bypasses Congress. The lawsuit contends that the plan, which aims to reduce monthly loan payments to near zero, transfers debt onto taxpayers and is a major policy decision falling under Congress's authority. Biden reaffirmed his commitment to the program, while Missouri Attorney General Andrew Bailey also announced plans to challenge it.

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