Last minute changes to Biden’s student loan handout make it harder to challenge in court: Experts
Fox News
The White House's decision to cut out certain borrowers from President Biden's student loan handout could wind up making legal challenges more difficult.
Just before that change was announced, Nebraska and five other states filed a lawsuit arguing that their finances would be adversely hit by the handout. These states argued they had standing to sue because millions of dollars in public pension funds are invested in private companies that manage many of these student loans, and that Biden's program would hurt these companies and lead to lower returns. Haris Alic covers Congress and politics for Fox News Digital. You can contact him at haris.alic@fox.com or follow him on Twitter at @realharisalic.
Legal experts told Fox News Digital that by making loans managed by these companies ineligible for forgiveness, the Biden administration may have stripped the six states of any standing in court, and likely helped the policy survive an early court challenge.
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