Missouri Attorney General Andrew Bailey led a multistate coalition in filing suit against the Biden-Harris Administration’s third illegal student loan cancellation scheme. This lawsuit comes mere days after the United States Supreme Court upheld his court order blocking their second illegal student loan plan.
“The Biden-Harris Administration is dedicated to saddling working Americans with Ivy League debt, even if they have to break the law to do it. Our latest lawsuit challenges their third and weakest attempt to mass-cancel student loans in the dark of night without letting Congress – or the public – know about it. That’s illegal,” said Attorney General Bailey. “We successfully halted their first two illegal student loan cancellation schemes; I have no doubt we will secure yet another win to block the third one. They may be throwing spaghetti at the wall to see what sticks, but my office is meeting them every step of the way.”
In the suit, the States assert, “Through compulsory process at the end of August, the States have just obtained documents proving that the Secretary [of Education] is implementing this plan without publication and has been planning to do so since May. The Secretary of Education (1) is unlawfully trying to mass cancel hundreds of billions of dollars of loans, and (2) has quietly instructed federal contractors to ‘immediately’ begin cancellation as early as September 3, 2024 (but possibly beginning on September 7).”
“The actual cost of the Third Mass Cancellation Rule is thus the $146.9 billion estimated by the Department plus much of the $475 billion cost of the SAVE Plan,” the States note. “This is the third time the Secretary has unlawfully tried to mass cancel hundreds of billions of dollars in loans. Courts stopped him the first two times, when he tried to do so openly. So now he is trying to do so through cloak and dagger.”
The United States Supreme Court ruled in favor of Attorney General Bailey’s previous two challenges to the Biden Administration’s unconstitutional wealth transfer of hundreds of billions of dollars in student loan debt. The States remind the Court that this third rule resembles the previous two student loan cancellation schemes, which were declared unlawful.
Joining Attorney General Bailey in filing suit are the attorneys general of Alabama, Arkansas, Florida, Georgia, North Dakota, and Ohio.
Original source can be found here.