While millions of low-income earning Americans have already received correspondence to begin applying for federal student loan forgiveness, six Republican states are joining a lawsuit to stop it. As ABC News notes, Iowa, Kansas, Missouri, Nebraska, and South Carolina have joined with Arkansas to sue the Biden administration, saying the president’s plan oversteps his executive powers. Back in August, President Biden had announced his long-awaited decision where his administration said they would cancel $10,000 in student loan debt for those making less than $125,000 or households with less than $250,000 in income. There has been a recent change to this guidance as of yesterday. The Education Department states borrowers with federal loans owned by private banks, including the FFEL program and Perkins loans, will now be ineligible unless they already consolidated their loans into the government’s direct lending program before Thursday. As ABC news points out, the Biden administration draws from a post-Sept. 11, 2001, law meant to help military members that the Justice Department says allows Biden to reduce or erase student loan debt during a national emergency. However, Republican states are crying foul, arguing Biden’s plan is “not remotely tailored to address the effects of the pandemic on federal student loan borrowers.” For further details visit TheRoot.com for the full article via the Link In Bio 🔗