Two of the legal challenges brought against President Joe Biden's student loan forgiveness plan have reached the U.S. Supreme Court.
, or MOHELA, would lose revenue under the plan because the Biden administration had initially told borrowers that they could transfer their loans from the FFEL program to the main federal loan program to qualify for its forgiveness.
The second legal challenge the Supreme Court will consider in February was backed by the Job Creators Network Foundation, a conservative advocacy organization., filed on Oct. 10, two plaintiffs say they've been harmed by "this arbitrary executive overreach," according to a press release by the foundation.
The lawsuit says the president's policy violated the Administrative Procedure Act's notice-and-comment procedure, not allowing plaintiffs to weigh in on the shape of forgiveness.
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