Republicans in six states are seeking an injunction to prevent the Biden administration from proceeding. Attorneys for the Biden administration and the states opposing the president’s plan to cancel student loans faced off in a federal court hearing on Wednesday, leaving the initiative’s future uncertain.
The price tag for Biden’s Student Forgiveness has hidden costs as well. The obvious cost is the face value of the forgiveness (either ten k or 20k). But other expenses need to be added to the price of the Loan Forgiveness.