Education Headlines

Conservative groups sue to block Biden plan canceling $39 billion in student loans

  • 📰 ABC
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Education Education Headlines News

Education Education Latest News,Education Education Headlines

The groups are asking a federal court to block the Biden administration's plan to cancel $39 billion in student loans for more than 800,000 borrowers.

FILE - A tassel with 2023 on it rests on a graduation cap as students walk in a procession for Howard University's commencement in Washington, Saturday, May 13, 2023. . Two conservative groups are asking a federal court to block the Biden administration's plan to cancel $39 billion in student loans for more than 800,000 borrowers.

“We are not going to back down or give an inch when it comes to defending working families,” the department said in a statement. The new action was announced as a “one-time adjustment” that would count certain periods of past nonpayment as if borrowers had been making payments during that time. It moved 804,000 borrowers across the 20- or 25-year mark needed for cancellation, and it moved millions of others closer to that threshold.

Biden's action was illegal, the lawsuit says, because it wasn’t authorized by Congress and didn’t go through a federal rulemaking process that invites public feedback.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 471. in EDUCATİON

Education Education Latest News, Education Education Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Conservative groups sue to block Biden's plan to cancel $39 billion in student loansTwo conservative groups are asking a federal court to block the Biden administration’s plan to cancel $39 billion in student loans for more than 800,000 borrowers.
Source: MarketWatch - 🏆 3. / 97 Read more »

Conservative groups sue to block Biden plan canceling $39 billion in student loansTwo conservative groups are asking a federal court to block the Biden administration’s plan to cancel $39 billion in student loans for more than 800,000 borrowers.
Source: WashTimes - 🏆 235. / 63 Read more »

Conservative groups sue to block Biden plan canceling $39 billion in student loansTwo conservative groups are asking a federal court to block the Biden administration's plan to cancel $39 billion in student loans for more than 800,000 borrowers.
Source: CBS21NEWS - 🏆 304. / 63 Read more »

Conservative groups sue to block Biden plan canceling $39 billion in student loansTwo conservative groups are asking a federal court to block the Biden administration’s plan to cancel $39 billion in student loans for more than 800,000 borrowers.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »