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11 states sue to stop Biden’s new income-driven repayment plan

 

Higher Ed Dive – Latest News

Eleven states sue U.S. Education Department and President Biden over new income-driven repayment plan, SAVE, alleging lack of authority to change loan terms and potential tax revenue decrease. States argue SAVE forgives billions in student debt, effectively converting loans into grants, without congressional authorization. Lawsuit also claims SAVE decreases income tax revenue and fails to account for full cost. Senate Democrats propose legislation to codify SAVE into law.

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