"Republican-Led States Challenge Biden's Student Loan Forgiveness Plan"

Republican-led states, including Missouri, have filed a federal lawsuit to block President Biden's new student loan repayment plan, known as the SAVE Plan, which offers a faster path to loan cancellation. The lawsuit argues that the plan is an illegal and expensive policy that bypasses Congress, and it threatens the revenue of a quasi-state loan servicing company in Missouri. The Biden administration defends the plan, stating that it aims to provide support and relief to borrowers, but faces legal challenges from conservative opponents.