NewsNation

‘We shouldn’t have to pay’: Kobach on Biden loan forgiveness

(NewsNation) — President Joe Biden’s attempt to cancel student loans is facing legal scrutiny.

Eleven states, led by GOP Kansas Attorney General Kris Kobach, are suing the Biden administration over the SAVE federal student loan forgiveness plan.


“We shouldn’t have to pay for those who took out a debt that they’re having difficulty repaying years later,” Kobach said during an appearance on NewsNation’s “The Hill.” “You have to look at the cost of college. … You need to start thinking about things that push down the cost of college. That’s that’s the core of the problem.”

Biden announced a new plan for student debt relief Monday that would increase the number of borrowers eligible for relief to more than 30 million. This plan follows the defeat of an earlier one.

With the new assistance, Biden said he wanted to “give everybody a fair shot” and the “freedom to chase their dreams.”

The new plan uses the Higher Education Act to forgive student debt after the Supreme Court ruled a previous plan overstepped the president’s executive authority. Since the court ruling, the administration has used existing programs to chip away at student loan debt on a smaller scale.

The Biden-Harris administration proposes waivers that would cancel up to $20,000 of unpaid interest for borrowers who owe more than they originally borrowed due to accrued interest, regardless of income.

Low and middle-income people enrolled in the administration’s SAVE plan or other income-driven repayment plan would be eligible for the entire amount their balance has grown since beginning repayment, including single borrowers who earn $120,000 or less or married couples earning $240,000 or less.

No application would be needed for forgiveness. The administration announced a plan to automatically discharge debt for borrowers otherwise eligible for loan forgiveness under other programs who have not enrolled.

NewsNation’s Steph Whiteside and Kellie Meyer contributed to this report.