OPINION | This article contains the author's opinion.
It’s very easy to see why Joe Biden’s plan to cancel student loan debt for tens of millions of Americans is illegal.
Canceling student debt is unjust to those who have already paid their loans or never took any. These Americans unfairly never receive any compensation.
Now Joe Biden is facing lawsuits from six Republican-led states, which include Iowa, Kansas, Missouri, Nebraska, South Carolina and Arkansas.
Biden is accused in the lawsuits of overstepping its executive powers without authorization from Congress.
Biden wants to cancel up to $20,000 in student loan debt for tens of millions of Americans. Critics say this is a ploy by Democrats to hand out “free stuff” with hopes of gaining more votes in the upcoming midterm election cycle.
In reality, American taxpayers will be left to foot the bill, which will undoubtedly increase the national debt.
The Biden administration has already started to quietly roll back their disastrous plan. For example, students with loans guaranteed by the federal government but held by private lenders are no longer ineligible for debt cancelation.
More on this story via Fox News:
The GOP states argue in the lawsuit, filed Thursday in a federal court in Missouri, that Biden’s plan is “not remotely tailored to address the effects of the pandemic on federal student loan borrowers,” which is required under the 2003 federal law the administration is using to claim its legality.
The states highlight that Biden said in an interview last month that the COVID-19 pandemic is over, but is continuing to use the ongoing health emergency to justify the debt relief.
“It’s patently unfair to saddle hard-working Americans with the loan debt of those who chose to go to college,” Arkansas Attorney General Leslie Rutledge, who is leading the lawsuit, said in an interview.
“The Department of Education is required, under the law, to collect the balance due on loans. And President Biden does not have the authority to override that,” she continued.
The lawsuit said Missouri’s loan servicer is facing a number of “ongoing financial harms” due to the student loan forgiveness.
The states allege that Missouri’s loan servicer will lose revenue from loans it owns through the Federal Family Education Loan Program, which had allowed private banks to authorize and manage federally backed student loans until the program ended in 2010.