US President Joe Biden announces student loan relief on August 24, 2022, in the Roosevelt Room of the White House in Washington, DC. – Biden announced that most US university graduates still trying to pay off student loans will get $10,000 of relief to address a decades-old headache of massive educational debt across the country. (Photo by OLIVIER DOULIERY / AFP) (Photo by OLIVIER DOULIERY/AFP via Getty Images)
A lawsuit has been filed by 14 states plus the District of Columbia challenging President Biden’s student loan forgiveness initiative. According to the plan, debts for borrowers who earn less than $125,000 year would be forgiven up to $10,000. According to the complaint, the revocation goes against American-established principles of the separation of powers, The Administrative Procedure Act, and the Constitution. It was submitted on Tuesday in a Missouri federal district court.
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