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Biden vetoes bill blocking student loan forgiveness program | CNN Politics

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President Joe Biden officially vetoed legislation Wednesday that would block his student loan forgiveness program.

The bill – which passed Congress earlier this month with support from some moderate Democrats – sought to block the student loan forgiveness program, which promises to cancel up to $20,000 of debt for millions of borrowers. No debt has been canceled yet while the program faces legal challenges. In a video announcing his veto Wednesday, Biden pledged he’d continue efforts to pursue student loan forgiveness.

“And don’t forget, some of the same members of Congress who want to cut student aid personally received loans to keep their small businesses afloat during the pandemic.” The veto is the fifth of Biden’s presidency.

 

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