GOP-led states sue to end Biden’s student debt forgiveness policy

SUMMARY

Seven GOP-led states have filed a lawsuit to block President Biden's latest student debt forgiveness policy, which aims to reduce or eliminate loans for millions of borrowers. The lawsuit, spearheaded by Missouri Attorney General Andrew Bailey and joined by six other states, accuses the Department of Education of unlawfully attempting to "mass cancel hundreds of billions of dollars of loans" before the rule is finalized. Bailey criticized the Biden administration's "third and weakest attempt" to cancel loans, claiming it is being done "in the dark of night" without proper oversight. The lawsuit argues that the administration is trying to rush the process to begin canceling debt "potentially this week," violating a statute that requires a 60-day waiting period before such rules can take effect. The GOP states see this as a continuation of the administration's illegal efforts to push through debt relief without congressional approval.