Round-up: New Lawsuit Filed to Halt Revised Biden Student Debt Plans

The Cato Institute and Mackinac Center for Public Policy have filed a new lawsuit designed to strike down President Joe Biden’s new effort to reduce $39 billion in student loans debt for more than 800,000 borrowers. The lawsuit targets the plan to aid borrowers who have made either 20 or 25 years of monthly payments towards their income-driven repayment plans. Plaintiffs are also targeting account adjustments made for borrowers enrolled in a public service loan forgiveness plan.
 
At the same time, Sen. Peter Welch (D-VT), and Rep. Joe Courtney (D-CT) introduced legislation to cut interest rates to 0% for all 43 million student loan holders in the U.S. Future borrowers would pay interest on their loans but the amounts would be capped at no higher than 4% under provisions of the Student Loan Elimination Act.
 
These stories and more from the national media:
 
Student Loan Forgiveness: New Bill Would Cut Student Loan Interest to 0% for Current Borrowers
AL.com (August 7, 2023)
 
Private Loans Can Be Risky. At Some Pittsburgh Universities, Students Are Borrowing More Than Others Nationwide.
New Pittsburgh Courier (August 7, 2023)
 
Defrauded Student Loan Borrowers Ask Government to Return Their Refunds
The Washington Post (August 7, 2023)
 
The White House Should Admit That Student Debt Forgiveness Isn’t Happening
Vox.com (August 7, 2023)
 
What to Know About the Latest Lawsuit Targeting Student Loan Forgiveness
Time.com (August 6, 2023)
 
Lawsuit Challenges Biden Administration's New $39 Billion Student Loan Forgiveness Plan
USA Today (August 5, 2023)
 
Biden’s Student Loan Forgiveness Plan Faces New Lawsuit to Block Program
The Washington Post (August 4, 2023)
 
 
The Savage Truth: New Hope for Those Struggling With Student Loan Debt - Commentary
Wisconsin State Journal (August 7, 2023)
 
Forgive Student Loans to Ensure Diversity in Higher Education – Commentary
The Hill.com (August 4, 2023)