Lawsuit Looks to Block Biden's Revised, Student Loan Cancellation Plan.<br />On August 4, two conservative groups in Michigan filed <br />a lawsuit asking a federal court to block the Biden <br />administration's plan to cancel $39 billion in student loans.<br />'Newsweek' reports that President Joe Biden <br />announced a plan on July 14 to cancel student <br />loans for 804,000 borrowers beginning on August 13.<br />In August of 2022, the Biden administration <br />had announced a more ambitious student relief plan <br />that would have cost approximately $400 billion. .<br />'Newsweek' reports that the original plan would have <br />given the Biden administration power to revise the <br />student loan program amid a national emergency. .<br />In July of this year, that plan was struck down by <br />the Supreme Court, as a majority of justices ruled that Biden <br />lacked the authority to act without the approval of Congress.<br />In July of this year, that plan was struck down by <br />the Supreme Court, as a majority of justices ruled that Biden <br />lacked the authority to act without the approval of Congress.<br />The administration's new plan has also been met by <br />conservative resistance, including the August 4 lawsuit <br />which accused the president of overstepping his role.<br />The lawsuit was filed by the New Civil <br />Liberties Alliance on behalf of the Mackinac <br />Center for Public Policy and the Cato Institute.<br />'Newsweek' reports that the lawsuit is seeking for the <br />administration's plan to be ruled illegal and block the <br />Education Department from acting until the case is decided.<br />'Newsweek' reports that the original debt forgiveness <br />program also faced a number of lawsuits, resulting in <br />the plan eventually being blocked by the Supreme Court.
