Red states are lining up to stop Biden’s student loan forgiveness plan

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Red states are lining up to stop Biden’s student loan forgiveness plan
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Red states are lining up to stop Biden’s student loan forgiveness plan
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Six red states — Arkansas, Iowa, Kansas, Missouri, Nebraska, and South Carolina — are suing the administration of Democratic President Joe Biden over Biden’s plan to cancel up to $20,000 in student loan debt for individuals making less than $125,000 a year.

The Biden administration based its plan on a 2003 law. According to the Justice Department, the law, initially meant to help military members, says that Biden can reduce or erase student loan debts during times of national emergency.

The red states’ lawsuit, filed Thursday in Missouri, said that Biden’s plan was “not remotely tailored to address the effects of the pandemic on federal student loan borrowers.” The lawsuit adds that, since Biden recently declared the COVID-19 pandemic as over, he can’t use it as a justification for his wide-scale debt relief plan, ABC News reported.

“It’s patently unfair to saddle hard-working Americans with the loan debt of those who chose to go to college,” Arkansas Attorney General Leslie Rutledge said of her state’s lawsuit. “The Department of Education is required, under the law, to collect the balance due on loans. And President Biden does not have the authority to override that.”

The states argued that Biden’s plan inflicted a “number of ongoing financial harms” to student loan providers and also “will ultimately disrupt revenue to state coffers.” They also argued that Biden’s plan violates the Administrative Procedure Act, a law regulating how federal agencies ensure that presidential policies are well-reasoned and explained, the aforementioned publication reported.

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