WASHINGTON (Pakistan Point News / Sputnik - 28th September, 2022) A group of conservative activists on Tuesday filed a lawsuit against the Biden administration to dispute its decision over canceling student loan debt.
The White House announced last month that student loan payments will resume next year and at least $10,000 of student loan debt will be canceled for each eligible borrower. An additional $10,000 of debt will be canceled for eligible borrowers who also received a Federal Pell grant.
In March 2020, the US Department of Education granted forbearance to holders of federal student loans amid the onset of the COVID-19 pandemic, with an estimated 60% of all borrowers taking advantage of the program.
PLF's attorney Caleb Kruckenberg said it is illegal for the executive branch to create a $500 billion program "by press release, and without statutory authority or even the basic notice and comment procedure for new regulations."
The case filed in US District Court for the Southern District of Indiana, according to the statement.