Libertarian Group Sues To Block Biden's Student Debt Forgiveness Plan

A legal challenge has been raised against student loan forgiveness, with a libertarian group in California suing on behalf of an Indiana resident. The lawsuit claims that loan forgiveness will result in taxable income in Indiana. Biden's plan aims to forgive up to $20,000 in student loan debt for eligible federal borrowers, potentially benefiting over 40 million people. Despite the lawsuit, the plan is considered legally sound.

Who is challenging the student loan debt forgiveness plan?

• A group of teachers

• The federal government

• A libertarian group in California

• A group of students

Why does the Indiana resident believe loan forgiveness will harm him?

• It will increase his interest rates

• It will lower his credit score

• It will be treated as taxable income

• It will increase his loan amount

What is the maximum amount of student loan debt that could be forgiven under Biden's plan?

• $10,000

• $15,000

• $20,000

• $25,000

How many people could potentially benefit from the loan forgiveness plan?

• 20 million

• 30 million

• 40 million

• 10 million

What is the White House's position on the lawsuit against the loan forgiveness plan?

• The lawsuit is valid

• The lawsuit is without merit

• The lawsuit is partially valid

• The lawsuit is still under review