Iowa is one of six states suing the Biden administration over the president’s plan to forgive billions in student loan debt.
“Canceling student loan debt is not legal,” Iowa Attorney General Brenna Bird says. “In order for that to happen, something would have to pass the House, the Senate, [and] be signed by the president. It’s basic constitutional law.”
Last year, President Joe Biden announced plans to forgive $10,000 of debt for individual student loan borrowers who make less than $125,000 per year ($250,000 for households) and $20,000 for borrowers who received a Pell Grant.
Arkansas, Iowa, Kansas, Missouri, Nebraska, and South Carolina sued the Biden administration over the loan forgiveness plan and on Tuesday, the Supreme Court heard oral arguments on the legal challenge.