Student Loan Forgiveness Challenge Faces Sixth Circuit Pushback

At least one federal appeals judge seemed skeptical Thursday that two libertarian think tanks had the ability to sue the Biden administration over its move to cancel nearly $40 billion in student debt.

The challenges to the plans are based on a part that affects participants in the Public Service Loan Forgiveness program, which wipes out the remaining balance of federal student loans held by public employees and those who work for certain nonprofits after 10 years. The Washington, D.C.-based Cato Institute and the Mackinac Center for Public Policy, based in Michigan, say the loan forgiveness put them at a ...