President Biden's administration is set to unveil a student loan forgiveness plan roughly a week after GOP states filed a lawsuit against his previous plan.
President Biden will unveil yet another student loan handout plan on Monday in his ongoing attempt to circumvent the Supreme Court. The court has struck down multiple versions of Biden's plans for a student loan bailout, and 11 Republican-led states filed a lawsuit against the version he announced in February.
The result would see roughly 23 million Americans having their loans cut down to the principal amount. The plan would further cancel debt for borrowers who have held onto their loans for decades without fully paying them off. The forgiveness would apply to any undergraduate debt lasting more than 20 years and any graduate debt lasting more than 25 years, according to WSJ. The new plan is sure to face legal challenges from Republican states across the country.
Kansas was among the six states who successfully challenged Biden's original student loan forgiveness program last year. Kobach says the latest program flies in the face of the Supreme Court's 2023 ruling and breaks many of the same rules. "Not since the civil war has a president told the Supreme Court, ‘Yeah you blocked me, but I’m gonna do it anyway.’" Kobach told Fox News Digital in an interview.
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