BERNIE SANDERS REACTS TO CONCERNS FROM DEMOCRATS ON STUDENT LOAN HANDOUT: ‘THAT CRITICISM IS CORRECT’ Republicans have stressed that Biden’s move doesn’t cancel the debt but rather moves that debt onto the government’s books and puts taxpayers on the hook for that amount. The Congressional Budget Office estimated Biden’s plan would cost the government $400 billion, but Brnovich and others have said the costs could soar even higher. “The question Americans need to be asking is why college costs so much in the first place.” President Biden announced his administration would cancel $10,000 to $20,000 in student loan debt for people making less than $125,000 each year individually or $250,000 as a family. BIDEN STUDENT LOAN HANDOUT TO COST MORE THAN $400 BILLION: CBO “This mass debt forgiveness program is fundamentally unfair, unconstitutional, and unwise,” Brnovich said. His lawsuit targets President Biden and Education Secretary Miguel Cardona. Supreme Court decisions that have reined in federal agencies from taking actions not authorized by Congress. Brnovich, a Republican, said Biden acted without congressional approval and his action conflicts with U.S. Arizona Attorney General Mark Brnovich on Thursday filed a lawsuit to block the Biden administration’s decision to cancel hundreds of billions of dollars in student loans.
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