Attorney General Bailey Obtains Restraining Order Blocking Biden-Harris New Clandestine Student Loan Scheme

Attorney General Bailey Obtains Restraining Order Blocking Biden-Harris New Clandestine Student Loan Scheme

JEFFERSON CITY, Mo. - Today, Missouri Attorney General Andrew Bailey announced that his office obtained a temporary restraining order blocking the Biden-Harris Administration's new clandestine illegal student loan scheme. The court order comes a mere two days after his office filed suit to challenge the unpublished rule.

"Today is a huge victory for every working American who won't have to foot the bill for someone else's Ivy League debt," said Attorney General Bailey. "I paid for my education in blood, sweat, and tears in service to my country, so this fight is personal for me. We will continue to lead the way for working Americans who are being preyed upon by unelected federal bureaucrats in Washington D.C."

In the suit, the States assert, "Through compulsory process at the end of August, the States have just obtained documents proving that the Secretary [of Education] is implementing this plan without publication and has been planning to do so since May. The Secretary of Education (1) is unlawfully trying to mass cancel hundreds of billions of dollars of loans, and (2) has quietly instructed federal contractors to 'immediately' begin cancellation as early as September 3, 2024 (but possibly beginning on September 7)."

"The actual cost of the Third Mass Cancellation Rule is thus the $146.9 billion estimated by the Department plus much of the $475 billion cost of the SAVE Plan," the States note in the lawsuit. "This is the third time the Secretary has unlawfully tried to mass cancel hundreds of billions of dollars in loans. Courts stopped him the first two times, when he tried to do so openly. So now he is trying to do so through cloak and dagger."

The United States Supreme Court ruled in favor of Attorney General Bailey's previous two challenges to the Biden Administration's unconstitutional wealth transfer of hundreds of billions of dollars in student loan debt. The States remind the Court that this third rule resembles the previous two student loan cancellation schemes, which were declared unlawful.

Joining Attorney General Bailey in filing suit are the attorneys general of Alabama, Arkansas, Florida, Georgia, North Dakota, and Ohio.

The court order can be viewed here.

The original lawsuit can be viewed here.