The Job Creators Network Foundation’s Legal Action Fund filed a lawsuit against the Biden administration on Monday for its policy to cancel $10,000 in student debt for millions of borrowers.
The complaint from the conservative advocacy group contends that the policy violated the notice-and-comment processes mandated by the Administrative Procedure Act. Other parties have likewise filed suit over the student debt cancellation effort, which also provides $20,000 in loan forgiveness for students who attended college via Pell Grant.
“The administration’s action does nothing to address the root cause of unaffordable tuition: greedy and bloated colleges that raise tuition far more than inflation year after year while sitting on $700 billion in endowments,” Job Creators Network Foundation President Elaine Parker said in a statement provided to The Daily Wire. “Colleges need to be held accountable for their outrageous tuition prices that fund high executive pay, an army of administrators who provide little-to-no value, and the construction of resort-style amenities.”
