‘Profits over people’: House Democrat hammers Republicans for suing to stop student loan relief

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As a federal court in her home state of Missouri heard arguments Wednesday in a case that could determine the fate of federal student debt cancellation, Democratic Rep. Cori Bush condemned GOP attorneys general for attempting to tank much-needed economic relief for tens of millions of borrowers.

“Efforts to undermine the Biden administration’s student loan cancellation program are the latest example of Republicans and student loan servicers prioritizing profits over people and corporations over constituencies,” Bush said in a statement as a group of GOP attorneys general—including Missouri AG Eric Schmitt—made their case for an injunction against student debt forgiveness.

The Republican plaintiffs claim in their lawsuit that the Biden administration’s student debt cancellation plan would harm the Missouri Higher Education Loan Authority (MOHELA) by depriving it of “the ongoing revenue it earns from servicing” privately held Federal Family Education Loan Program (FFELP) loans.

In an effort to undercut such legal claims of harm, the Biden administration decided last month to scale back its debt forgiveness program to exclude many student borrowers with FFELP loans, denying relief to hundreds of thousands of people.

In her statement Wednesday, Bush noted that MOHELA “has remained silent” about the GOP lawsuit, “seemingly complicit in Republican efforts to prevent over 40 million borrowers from receiving the debt relief they have been promised.”

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