President Biden’s plan to forgo more than $400 billion in federally backed student loan debt.Lawmakers approved a resolution disapproving of Biden’s student loan forgiveness plan that was announced last year and is now stalled because of an ongoing legal challenge.
The Supreme Court is expected to consider the legality of Biden’s plan later this summer.On Wednesday, lawmakers voted 218-203 in an attempt to speed up the process and end Biden’s plan through legislation.
Every Republican present voted to pass the resolution, along with just two Democrats.During floor debate, Democrats argued that voting to end Biden’s plan would hurt the roughly 13% of Americans who are likely to qualify for loan forgiveness.HOUSE TAKES STEP TOWARD GUTTING BIDEN'S $400 BILLION STUDENT LOAN HANDOUT"At a time when students need relief the most, Republicans are working to upend student loan forgiveness that started under Trump and now continues under President Biden for more than 40 million borrowers," said Rep.
Mark Takano, D-Calif.Conservative justices holding the Supreme Court’s majority seem ready to sink President Joe Biden’s plan to wipe away or reduce student loans held by millions of Americans.