Lawsuits were filed to stop student loan cancellation because the plan proposed by President Biden would forgive up to $10,000 of student debt for borrowers. This could potentially put some lenders at risk of losing money, so they decided to take legal action. The lawsuits are unlikely to be successful in stopping the plan. The Department of Education and the White House have already indicated their intent to move forward with it. One thing borrowers should do now is to keep track of any updates related to the student loan cancellation plan. It is still on hold, so borrowers need to stay informed in order to benefit from the program once it is implemented. They should also consider exploring other student loan forgiveness options that may be available in their area.