Lawsuit over new student loan income-driven repayment plan

– New Civil Liberties Alliance (NCLA) filed lawsuit against Biden admin's student loan IDR plan.

– Lawsuit claims plan violates Constitution's Appropriations Clause.

– The plan, called SAVE, offers quicker loan forgiveness for borrowers.

– Borrowers with up to $12,000 principal balance can get forgiveness after 10 years.

– Certain deferment and forbearance periods count toward forgiveness.

– NCLA cites Supreme Court case where DOE's attempt was struck down.

– NCLA claims plan tries to count non-payments as payments to cancel $39B unlawfully.

– Suit filed in U.S. District Court for the Eastern District of Michigan.

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