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A group of Republican-led states, including Alaska, is suing the Biden administration to block a new student loan repayment plan that provides a faster path to cancellation and lower monthly payments for millions of borrowers. In a federal lawsuit filed March 28, 11 states led by Kansas argue that President Joe Biden overstepped his authority in creating the SAVE Plan, which was made available to borrowers last year and has already canceled loans for more than 150,000. It argues that the new plan is no different from Biden’s first attempt at s...
