NCLA & Cato Challenge Biden’s Student Debt Plan; Lawsuits Against Exec Action on Student Loans

NCLA and Cato Challenge Biden’s Plan to Cancel Student Debt

NCLA has filed the lawsuit, Cato Institute v. U.S. Department of Education, urging the U.S. District Court for the District of Kansas to stop the Biden Administration’s student-loan-debt- cancellation plan. NCLA’s complaint argues the unilateral plan issued by the Department of Education to cancel student loan debt is supported by no legitimate claim of statutory authority and effectively strips away a significant competitive advantage to recruit and retain talented borrower-employees from nonprofits, thereby frustrating the primary purpose of the pre-existing Public Service Loan Forgiveness program.

Mark explains Cato v. Dept. of Education.

Lawsuits Against Executive Action on Student Loans

Mark and Vec discuss various cases against the executive action on student loans and their prospects.