Strong opposition to Biden's student loan forgiveness

 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 — working and middle-class people hit especially hard during the pandemic,” the Republican officials trying to stop its implementation dispute that characterization, citing a Wharton School study that found that the majority of would-be beneficiaries count themselves among the top 60 percent of earners.
...

Biden is also accused of using questionable authorization for such a move.  He apparently claim authority because of the pandemic which he has since indicated was over. 

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