Biden’s New Student Debt Plan Likely to Face Legal Challenges

As President Joe Biden looks to revive a key campaign promise to provide widespread debt relief to student-loan borrowers, legal experts warn that he’s likely to encounter a fresh wave of lawsuits challenging his authority to act without congressional approval.

Hours after the US Supreme Court axed Biden’s initial attempt at debt forgiveness on June 30, the president announced a new plan that he said is “legally sound” and is the best option remaining to deliver sweeping relief to millions of borrowers as quickly as possible.

But even in a best-case scenario, the new plan can’t be rolled out until ...