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Loan company distances itself from GOP-led states’ student debt suit
Comment on this story Comment A university student loan servicer cited in a lawsuit that quickly blocked President Biden’s financial debt forgiveness approach is distancing itself from 1 of the claims raised by six Republican-led states tough the application. The states — Arkansas, Iowa, Kansas, Missouri, Nebraska and South Carolina — declare that the president overstepped his authority in making the forgiveness plan and that the move threatened the profits of state entities that gain from federal pupil financial loans, such as the Missouri Better Schooling Loan Authority. The quasi-state entity typically identified as MOHELA is not a named celebration to the lawsuit but however drew the ire of advocacy…