REVEALED: The 18 states suing the Biden administration over bid to cancel BILLIONS in student debt... as president pushes latest bid despite legal concerns
Daily MailEighteen Republican led states are attempting to block President Biden's student loan forgiveness effort to cancel billions in student loan debt. The lawsuit comes after eleven other states led by Kansas recently filed another lawsuit against the Biden administration over the program that began forgiving student loan debt earlier this year. President Biden at an event to address student loan debt in Madison, WI on Monday Protesters gathered outside the Supreme Court as the court blocked President Biden's previous student loan relief plan last June The Republican Attorneys General take issue with the SAVE program which was announced last summer after the Supreme Court blocked Biden's $400 billion plan to wipe out debt last June. Biden Administration Student Loan Debt Forgiveness August 2022: Biden announces original plan to cancel up to $20,000 in student loan debt June 2023: Supreme Court blocks Biden's first student loan forgiveness plan August 2023: Biden announces income driven repayment SAVE plan February 2024: Biden administration begins canceling debt under the SAVE plan March 2024: 11 states sue to block the SAVE plan April 2024: Biden unveils 5 new actions as second massive attempt to cancel student loan debt April 2024: 7 more states sue over the SAVE plan Like other income driven repayment plan, the SAVE plan calculates monthly payments based on income and family size, but it decrease payments for most borrowers. The Biden administration said it's confident in its new effort which relies on the Higher Education Act, not the HEROES Act which was used in the first attempt to cancel student loan debt.