From The Convention of States Team <[email protected]>
Subject Biden’s student debt cancellation scheme paused 🚨
Date October 29, 2022 2:21 PM
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** Federal court pauses Biden’s student debt cancellation scheme after states use power to sue ([link removed])
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Like many critical thinkers predicted, Biden's student loan forgiveness program is not panning out as the White House marketed to college-indebted voters.

While the administration's intention was to simply distribute billions to Americans who willingly signed up for debt, the plan to slash off a large chunk of student loans has come to a swift halt due to a lawsuit filed ([link removed]) by six states: Arkansas, Iowa, Kansas, Missouri, Nebraska, and South Carolina.

A federal judge in Missouri first dismissed the case, but then the 8th Circuit Court of Appeals issued a stay upon an emergency request from the six states, ultimately barring the administration from beginning to disburse funds.

As COSA reported ([link removed]) back when these states first stood up to this clear abuse of power, the people are much more respected and represented on a state versus federal level.

This debt forgiveness plan will cost taxpayers an estimated $400 billion over the next 30 years.


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