Republican-led States File New Lawsuit Against Biden's Student Loan Forgiveness Plan

The lawsuit challenges the SAVE plan, which aims to make student loan repayment more affordable and includes provisions for early forgiveness.

A coalition of Republican-led states has filed a lawsuit to block President Biden's SAVE plan for student loan forgiveness.
The lawsuit argues the plan is illegal and oversteps presidential authority by proposing to forgive billions in student loan debt without Congress's express permission.
The SAVE plan offers affordable monthly payments based on income and family size, with forgiveness after 20 or 25 years, and early forgiveness for small loan amounts.
The lawsuit's legal issues differ from the previous challenge, focusing on the authority under the Higher Education Act rather than the HEROES Act.
The Biden administration is also developing another student loan forgiveness plan, targeted at borrowers facing financial hardships.