We’ve been arguing from day one that the Biden edict on student loan forgiveness is Unconstitutional. (The president doesn’t have the authority to spend money not appropriated by Congress.). Conservative states, led by Nebraska and Missouri, are in federal court today in St. Louis making the same point in seeking an injunction against the student loan bailout plan. We could get a decision at the district court level there later this week and then the issue will likely be appealed to the Supreme Court.
We share this cheerful (to us) prediction from a law professor who is a big supporter of President Biden and his loan bailout plan: