The Education Department announced the latest round of student loan cancellations, totaling $4.8 billion, under the new SAVE Plan, helping 206,000 borrowers access faster forgiveness.
Republican-led states, including Kansas and Missouri, have filed lawsuits claiming the Biden administration exceeded its authority with the new repayment plan, challenging its legality.
President Joe Biden reiterated his commitment to making higher education an avenue to the middle class by continuously working towards canceling student debt despite opposition from Republican officials.
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