Georgia and Other States Challenge Biden’s $475B Student Loan Forgiveness Plan

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Attorney General Chris Carr, along with a coalition of seven states, has filed a lawsuit against the Biden administration’s latest student loan plan, which they argue is unlawful and will cost taxpayers an estimated $475 billion.

Carr stated, “Despite the Court having already settled this issue, the Biden administration continues to brazenly violate the law. Georgia taxpayers have made it clear that they know it’s wrong to be forced to pay off other people’s student loans, particularly those with the highest earning potential.”

The lawsuit asserts that just last year, the Supreme Court struck down a similar attempt by the President to force certain groups to pay for others’ student loan debt. The Court ruled that the President cannot unilaterally alter large sections of the American economy. However, the Biden administration is attempting a similar policy again.

The states argue that the President is trying to impose an expensive and controversial policy without Congress’s approval, bypassing the Constitution. They highlight a pattern of the President relying on old statutes to make drastic policy changes without consent.

Previously, the Supreme Court ruled against a similar wealth transfer of student loan debt, citing its unconstitutionality and the impact on the federal budget. Carr is joined in this suit by attorneys general from Arkansas, Florida, Missouri, North Dakota, Ohio, and Oklahoma.

A copy of the lawsuit can be found here .