What does Court Challenge to Student Loan Relief implies for borrowers.
By The Exchange Team
A conservative lawyer challenged President Joe Biden's plan to erase up to $20,000 in school debt for millions of Americans.
"Nothing about loan cancellation is legal or appropriate," Pacific Legal Foundation attorney Frank Garrison said in a court complaint.
In an end-run around Congress, the administration threatens to impose a transformative policy, the complaint says.
Finding a plaintiff who can establish they've been hurt by Biden's scheme is the biggest challenge.
How this affects borrowers? If you have federal student debts, apply for forgiveness as soon as when the application is online.
The form will be ready "early October." In the Meantime, Borrowers can sign up for application updates.
If your loans are forgiven before a lawsuit, you may preserve the relief even if the courts find against the Biden Administration.