House votes to cancel Biden's student debt relief and repeal forgiveness plan.

1 min read
Source: CNBC
House votes to cancel Biden's student debt relief and repeal forgiveness plan.
Photo: CNBC
TL;DR

The House of Representatives passed a Republican-sponsored bill aimed at blocking President Joe Biden's student debt forgiveness plan and ending the pause on federal student loan payments and interest. The bill is unlikely to pass the Democrat-controlled Senate, but if it does, the White House has already vowed to veto it. The payment pause is set to end this summer, and opponents of the forgiveness plan cite unfairness to non-borrowers and those who've paid off their loans. Nearly half of Americans approve of Biden's forgiveness plan, according to a USA Today/Ipsos poll.

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