Georgia joins coalition of states challenging new student loan plan
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ATLANTA – Georgia Attorney General Chris Carr has joined Attorneys General in six other Republican-led states in [.fow1-1]suing[.fow1-1] the Biden administration over its latest student loan plan.
President Joe Biden announced plans this week to deliver [.fow1-2]forgiveness[.fow1-2] of some or all of the [.fow1-3]debts[.fow1-3] of more than 30 million students at a price of around $475 billion.
“While a college degree still is a ticket to the middle class, that ticket is becoming much too expensive,” Biden said during an event on a college campus in Wisconsin. “The ability for working- and middle-class folks to [.fow1-4]repay[.fow1-4] their student loans has become so [much] that a lot can’t [.fow1-4]repay[.fow1-4] it for even decades after being in school.”
But Carr attacked the plan as an illegal waste of tax dollars after a U.S. Supreme Court decision last year that rejected an earlier student-loan [.fow1-2]forgiveness[.fow1-2] plan.
“Georgia taxpayers have made it clear that they know it’s wrong to [have] to pay off other people’s student loans, particularly those with the [greatest ability to earn money],” he said. “This is election-year politics and a [great] example of [.fow2-1]government overreach[.fow2-1].”
The Supreme Court decided last year’s plan was [.fow2-2]unconstitutional[.fow2-2] in a 6-3 decision, saying that Biden wanted to do it without permission from Congress.
However, the new plan is based on a different law. The Higher Education Act gives the Secretary of Education power over national student loans.
The 2023 plan was part of an economic support plan tied to the pandemic.
Besides Georgia, the other states involved in the case include Arkansas, Florida, Missouri, North Dakota, Ohio, and Oklahoma.