President Biden’s new large-scale student loan forgiveness plan had a terrible, horrible, no good, very bad day. That’s because two separate federal district courts ruled against its legality, in lawsuits brought by different coalitions of GOP-led states. Moreover, both of the judges who issued the rulings were Democratic Barack Obama appointees. That makes it hard to argue the decisions were a result of ideological or partisan bias, and is a very bad sign for the Administration’s chances of prevailing on appeal.
The new loan forgiveness plan—known as the SAVE Plan, which would discharge at least $156 billion in federally backed student loan debt, is a successor to the one the Supreme Court invalidated Biden v. Nebraska, last year, on the grounds that the Administration’s actions were not authorized by Congress (that plan would have discharged some $430 billion in…
