Document ID: ./input/supremecourt_opinions/opinions/22pdf/22-506_nmip.pdf
Page Number: 13

8 

BIDEN v. NEBRASKA 

Opinion of the Court 

Rights, Inc., 547 U. S. 47, 52, n. 2 (2006).  Because we con-
clude  that  the  Secretary’s  plan  harms  MOHELA  and 
thereby  directly  injures  Missouri—conferring  standing  on 
that  State—we  need  not  consider  the  other  theories  of 
standing raised by the States.

Missouri  created  MOHELA  as  a  nonprofit  government
corporation to participate in the student loan market.  Mo. 
Rev. Stat. §173.360 (2016).  The Authority owns over $1 bil-
lion in FFELs.  MOHELA, FY 2022 Financial Statement 9 
(Financial Statement).  It also services nearly $150 billion 
worth  of  federal  loans,  having  been  hired  by  the  Depart-
ment  of  Education  to  collect  payments  and  provide  cus-
tomer service to borrowers.  Id., at 4, 8.  MOHELA receives 
an administrative fee for each of the five million federal ac-
counts  it  services,  totaling  $88.9  million  in  revenue  last 
year alone.  Ibid. 

Under the Secretary’s plan, roughly half of all federal bor-
rowers would have their loans completely discharged.  App.
119.  MOHELA  could  no  longer  service  those  closed  ac-
counts, costing it, by Missouri’s estimate, $44 million a year 
in fees that it otherwise would have earned under its con-
tract with the Department of Education.  Brief for Respond-
ents  16.  This  financial  harm  is  an  injury  in  fact  directly
traceable to the Secretary’s plan, as both the Government
and the dissent concede.  See Tr. of Oral Arg. 18; post, at 5 
(KAGAN, J., dissenting). 

The plan’s harm to MOHELA is also a harm to Missouri.
MOHELA  is  a  “public  instrumentality”  of  the  State.    Mo. 
Rev. Stat. §173.360.  Missouri established the Authority to 
perform the “essential public function” of helping Missouri-
ans  access student  loans  needed  to  pay  for  college.  Ibid.; 
see Todd v. Curators of University of Missouri, 347 Mo. 460, 
464, 147 S. W. 2d 1063, 1064 (1941) (“Our constitution rec-
ognizes higher education as a governmental function.”).  To 
fulfill this public purpose, the Authority is empowered by 
the State to invest in or finance student loans, including by