Senate Votes to Repeal Student Loan Forgiveness
Both chambers of Congress have now voted to overturn Biden’s program to forgive student loans, although the president is expected to veto.
From NBC News. The Senate voted largely along party lines Thursday on legislation to block President Joe Biden’s student debt relief program after the measure cleared a key procedural hurdle in the chamber.
The 52-46 vote to pass the legislation comes a day after senators took a similarly close vote to proceed to the measure, which would repeal Biden’s debt relief program and end the administration’s pause on federal student loan payments. …
Just a simple majority of senators were needed to pass the legislation and send it to Biden’s desk. But the White House warned in a Statement of Administration Policy last month that Biden would veto the resolution.
“This resolution is an unprecedented attempt to undercut our historic economic recovery and would deprive more than 40 million hard-working Americans of much-needed student debt relief,” the statement said.
The House passed the measure last week in a 218-203 vote, largely along party lines. …
The resolution would repeal the administration’s program to cancel up to $10,000 in loans for borrowers whose income falls below certain levels and up to $20,000 for those who received Pell Grants. The resolution would also end a pandemic-era pause on loan payments and interest accrual.
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