National Review: States Sue to Stop Biden Loan ‘Forgiveness’ Program: ‘Unwise,’ ‘Unfair,’ and ‘Unlawful’ Nebraska, Missouri, Arkansas, Kansas, Iowa, and South Carolina joined together to file a lawsuit against the Biden administration on Thursday in an attempt to stop the president’s announced student loan-forgiveness program from taking effect. “In addition to being economically unwise and downright unfair, the Biden Administration’s Mass Debt Cancellation is yet another example in a long line of unlawful regulatory actions,” argued the plaintiffs in their filing . The administration has said that it will wipe out up to $10,000 in loans for borrowers making under $125,000 per year, and up to $20,000 for Pell Grant recipients who meet that criteria. Married persons filing jointly will be able to take advantage of the new benefit if their income does not exceed $250,000. While President Biden has styled the program as a “targeted” effort to help “families who need it the most — wor...