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Biden administration did not fast-track student loan plan

11 September 2024
in Business
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Biden administration did not fast-track student loan plan
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A senior Biden administration official denies claims by seven Republican state attorneys general that the Department of Education planned to forgive $147 billion in student debt before finalizing the rule, stating that only preparatory work was being done. The AGs allege that the DOE was secretly implementing the plan, leading to a temporary block by a Georgia judge. The lawsuit challenges the program’s legality, claiming it violates the Constitution, with a hearing scheduled next week.

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