Two conservative groups sue Michigan court, block Biden's $39B student loan forgiveness for 800K borrowers.Two conservative groups sue Michigan court, block Biden's $39B student lo
Lawsuit argues administration exceeded authority, weeks after Supreme Court rejected broader plan.
Groups seek judge's ruling to declare forgiveness plan illegal.
Education Department dismisses lawsuit as right-wing special interests' desperate attempt to keep borrowers in debt.
Legal challenge part of wave of Republican-led actions against Biden's debt reduction initiatives.
Biden's "one-time adjustment" aimed to address administrative failures, allowing borrowers' progress toward loan forgiveness.