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A company with student loan refinancing business filed a lawsuit against federal government.

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Lawsuit filed is called mentioned as "an illegal overreach of power".

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SoFi filed its suit in U.S. District Court in the District of Columbia late last week.

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After pandemic begins, 43.5 million borrowers have had their Federal student loan payment suspended.

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This lawsuit is against trump and biden's extension for student loan

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“The payment pause is legal," an Education Department spokesperson said

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This paused may be removed as election for 2024 comes near

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Biden thinks this may be helps in presidency election.

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Spokeperson said "as is our plan to provide one-time debt relief to tens of millions of borrowers most at risk of delinquency and default when they return to repayment."

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As part of the moratorium, the federal government set interest rates at zero percent

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SoFi claimed that the Education Department had stated that the most recent extension was not to assist borrowers affected by the pandemic in its filing.