, which has stopped payments and frozen interest for most federal student loan borrowers since March 2020.
Advocates for borrowers had warned that enactment of the Congressional Review Act bill could be disastrous. Not only would it deny borrowers student loan forgiveness, but it could result in hundreds of thousands of borrowers having their discharged loans reinstated due the reversal of PSLF or Income-Driven Repayment credit they received during Biden’s most recent extension of the student loan pause.
“Congressional Republicans led an effort to pass a bill blocking my Administration’s plan to provide up to $20,000 in student debt relief to working and middle class Americans. I won’t back down on helping hardworking folks,” said Biden in aBiden’s veto means that the Congressional Review Act resolution will not become law, even though it was passed by both the House and the Senate.
Since the Congressional Review Act can only be used to repeal recently enacted regulations, this particular effort to nullify Biden’s student debt relief plans is effectively dead.Separately, Biden signed a bill last week to
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Education Education Latest News, Education Education Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
7 New Flexibilities As Student Loan Pause Ends And Loan Forgiveness Ruling LoomsAs the student loan pause ends, and borrowers await a decision on student loan forgiveness, Biden officials have promised new flexibilities to ease back into repayment.
Source: Forbes - 🏆 394. / 53 Read more »
Voting rights to student loan forgiveness: 5 key Supreme Court rulings coming soonIt's crunch time for the U.S. Supreme Court, as the justices must issue opinions on dozens of cases before they break for recess around the end of June or beginning of July.
Source: WOKVNews - 🏆 247. / 63 Read more »
Voting rights to student loan forgiveness: 5 key Supreme Court rulings coming soonIt’s crunch time for the U.S. Supreme Court: The justices must issue opinions on dozens of cases before they break for recess in late June or July. Among the rulings yet to be announced are in cases involving affirmative action, LGBTQ+ rights and student debt relief.
Source: YahooNews - 🏆 380. / 59 Read more »
Biden vetoes GOP-led effort to strike down student loan forgiveness programPresident Biden vetoed a Republican-led resolution that would have struck down his plan to forgive over $400 billion in student loans, saying the resolution would have kept millions of Americans from receiving “the essential relief they need.”
Source: washingtonpost - 🏆 95. / 72 Read more »
Biden vetoes GOP bill seeking to block student loan forgiveness planPresident Biden vetoes Republican-sponsored legislation that sought to block his administration's plan to provide debt relief for people who have taken out student loans.
Source: NBCNews - 🏆 10. / 86 Read more »
Biden vetoes bill blocking student loan forgiveness program | CNN PoliticsPresident Joe Biden officially vetoed legislation Wednesday that would block his student loan forgiveness program, blasting lawmakers who supported the bill for what he called an “unprecedented attempt to deny critical relief to millions of their own constituents.”
Source: CNN - 🏆 4. / 95 Read more »