Three lawsuits have surfaced aiming to block President Biden's plan to forgive billions of dollars in student debt.
CBS News. If the judge places an injunction on Biden's move, it"may create a stall or halt to this policy," she said.
The lawsuit, filed in September by attorneys general in Arkansas, Iowa, Kansas, Missouri, Nebraska and South Carolina, argues that taxpayers shouldn't be saddled with paying the debt of other Americans who opted to go to college and now can't repay their loans. "Everyone's paying attention for the next week or so to see what will come out of that case," Douglas-Gabriel said. in student debt for individuals who makes less than $125,000 a year or couples who make less than $250,000 a year combined. People who received Pell grants would be eligible for an additional $10,000 in relief under Mr. Biden's plan, which doesn't include private debt.
About 43 million borrowers will benefit from the debt forgiveness portion of the plan, Mr. Biden has said. Nearly 20 million people will have their debt fully canceled, the White House