• A nonprofit legal group filed a lawsuit Tuesday against the U.S. Department of Education to block its move to cancel up to $20,000 in student loan debt for some borrowers.
• “Congress did not authorize the executive branch to unilaterally cancel student debt,” Pacific Legal Foundation attorney Caleb Kruckenberg said. “It’s flagrantly illegal for the executive branch to create a $500 billion program by press release, and without statutory authority or even the basic notice and comment procedure for new regulations.”
• The lawsuit, the first of what is expected to be many, comes a day after the nonpartisan Congressional Budget Office released an official cost estimate for President Joe Biden’s student loan cancellation plan, putting the cost at more than $400 billion.

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