Wednesday could be a turning point for President Joe Biden’s student-loan forgiveness plan.
A federal judge will hear oral arguments from six Republican-led states who sued Biden’s $20,000 debt relief announcement at the end of August, arguing that the relief will hurt their states’ tax revenues and the financial operations of loan company MOHELA, which is based in Missouri where the lawsuit was filed. It’s one of at least five major conservative lawsuits that have been filed so far seeking to block the policy, and should a judge rule in the group’s favor, the long-awaited loan forgiveness will not move forward.
Subscribe
0 Comments
Newest
Oldest
Most Voted
Inline Feedbacks
View all comments