HELENA – Montana Attorney General Austin Knudsen, along with ten other attorneys general, filed a lawsuit Thursday against the Biden administration’s unconstitutional student loan forgiveness scheme. The lawsuit is the 40th that Attorney General Knudsen has filed against the Biden administration.
Department of Education is wrongfully interpreting the Higher Education Act and bypassing Congress by writing its own rules that would turn most loans, if not wipe them completely out, into grants from the federal government, where borrowers only pay a fraction of the amount owed. By the department’s own estimates, the “SAVE Plan” would cancel over $100 billion in student debt. The cancellation of the loans would directly impact Montana’s economy through a loss of state tax revenue and jobs, as well as increasing law enforcement costs.
