(RightIsRight.co) – Underscoring the importance the Republican Party gives to American students and soon-to-be professionals, a group of Republican-led states has initiated legal proceedings against the Biden administration, which aimed to dismantle a novel student loan repayment strategy.
This scheme, which has already significantly improved the lives of many borrowers, promises a swifter journey towards loan forgiveness and diminished monthly dues for many more borrowers.
The federal lawsuit filed recently by 11 states, with Kansas at the forefront argued that Biden exceeded his jurisdiction with the introduction of the SAVE Plan. Unveiled to borrowers the previous year, this initiative has already facilitated the cancellation of loans for upwards of 150,000 individuals.
The lawsuit suggests that this plan emulates Biden’s initial foray into student loan forgiveness, which the Supreme Court rejected last year. “Last time Defendants tried this the Supreme Court said that this action was illegal. Nothing since then has changed,” according to the lawsuit.
“The Biden-Harris Administration won’t stop fighting to provide support and relief to borrowers across the country — no matter how many times Republican elected officials try to stop us,” the department said in a statement.
Spearheaded by Kansas Attorney General Kris Kobach, the electronic lawsuit in Kansas’ federal court appeals for an immediate suspension of the plan. States such as Alabama, Alaska, Idaho, Iowa, Louisiana, Montana, Nebraska, South Carolina, Texas, and Utah lend their support to this legal bid.
Kobach accused Biden of recklessly advancing despite legal constraints. “The law simply does not allow President Biden to do what he wants to do,” he declared.
The SAVE Plan introduces unprecedentedly lenient terms, aimed at decreasing monthly dues for an increasing number of borrowers and offering loan forgiveness in potentially as short as a decade. However, the states contend that Biden’s plan poses multiple detriments.
The states argued that with such a generous repayment plan, fewer borrowers will have an incentive to go into public service and pursue the Public Service Loan Forgiveness program. They predict more state employees will leave their jobs, which will worsen public schools’ struggles to recruit and retain teachers.
They argue that the plan will inject hundreds of billions of dollars in loan relief into the U.S. economy, which would require states to increase fraud protection efforts. According to the suit, the plan “will create enormous opportunities for fraudsters to exploit student debt borrowers that would not otherwise exist.”
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