"Student Loan Forgiveness Plans Under Attack by Republicans"

1 min read
Source: Fox News
"Student Loan Forgiveness Plans Under Attack by Republicans"
Photo: Fox News
TL;DR Summary

House Republicans have advanced legislation to terminate President Biden's policy of cancelling student loan debt for millions of borrowers, which the government has said would cost over $400 billion. The resolution, written under the Congressional Review Act, was passed by the House Education and the Workforce Committee and now has a chance to get a vote on the House floor. Democrats warned that voting down Biden’s student loan handout would strip away relief that millions of people are anticipating, but Republicans dismissed it as a radical attempt to redistribute wealth. The matter is now in the hands of the Supreme Court, which could decide the legality of the program by the end of June.

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