'The program is a clear act of executive overreach.' 'If the administration had gone through notice-and-comment as the law requires, they each could have made their case,' Parker said. As a result, the lawyers say, Brown and Taylor were either partially or fully excluded from the relief.Įlaine Parker, president of Job Creators Network Foundation, insisted their plaintiffs suffered harm from the policy. In the second legal challenge backed by the Job Creators Network Foundation, the lawyers argued that two plaintiffs, Myra Brown and Alexander Taylor, were deprived of their 'procedural rights' by the Biden administration because it didn't allow the public to formally weigh in on the shape of its plan before it rolled it out. 'If MOHELA is really an arm of the state.why didn't you just strong-arm MOHELA and say you've got to pursue this suit?'Ī request from CNBC for comment from the Nebraska attorney general was not immediately answered. 'Why didn't the state just make MOHELA come then?' she asked. 'MOHELA doesn't need to be here because the state has the authority to speak for them,' Nebraska Solicitor General James A. 'Do you want to address why MOHELA's not here?' Justice Amy Coney Barrett asked during the oral arguments. The justices also were perplexed as to why the servicers weren't bringing their own challenges, and how the states could claim harm on their behalf. However, consumer advocates and legal experts said that charge was based on ' false facts' and pointed out that MOHELA's revenue was actually expected to increase because of some student loan servicers recently leaving the space and it picking up extra accounts. They said the decreased revenue for MOHELA, or the Missouri Higher Education Loan Authority, could leave the agency unable to meet its financial obligations to Missouri.

The six GOP-led states argued that Biden's loan forgiveness plan would be a financial setback for them because of a reduction in business among the companies that service federal student loans in their states.

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