Federal Judge Dismisses Republican-Led Challenge To Biden Student Debt Bailout

Federal Judge Dismisses Republican-Led Challenge To Biden Student Debt Bailout

A federal judge dismissed a lawsuit on Thursday from six Republican attorneys general against the Biden administration for its policy to cancel $10,000 in student debt for millions of borrowers.

The student loan cancellation plan, forgives up to $10,000 for borrowers who make less than $125,000 a year and up to $20,000 for students who applied for Pell grants, faced a complaint from the state officials, who contended that “no statute permits President Biden to unilaterally relieve millions of individuals from their obligation to pay loans they voluntarily assumed.”

 

Federal Judge Dismisses Republican-Led Challenge To Biden Student Debt Bailout

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