"Biden Faces Legal Challenges Over Student Loan Forgiveness Attempts"

1 min read
Source: Fox Business
"Biden Faces Legal Challenges Over Student Loan Forgiveness Attempts"
Photo: Fox Business
TL;DR Summary

Missouri Attorney General Andrew Bailey has filed a lawsuit against the Biden administration over the "SAVE" plan, arguing that it is illegal and would cost American taxpayers $475 billion. This comes after President Biden unveiled a new plan to cancel student loan debt, which is expected to impact up to 30 million Americans. Bailey, along with attorneys general from several other states, is concerned about the separation of powers and the lack of congressional authorization for such a significant redistribution of wealth.

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