Topline
The House of Representatives voted 218-203 to repeal President Joe Biden’s student debt forgiveness plan and restart loan payments after a years-long pause, adding new pressure as the forgiveness plan awaits a Supreme Court ruling—though the bill faces long odds in the Senate, and Biden has said he will veto the bill if it makes it to his desk.
The House of Representatives voted 218-203 to repeal President Joe Biden’s student debt forgiveness … [+]
Key Facts
Some 216 House Republicans and two Democrats voted in favor of the bill, which was sponsored by Rep. Bob Good (R-Va.), while 203 Democrats voted against it.
The bill would block Biden’s loan cancellation plan, which would forgive $10,000 in federally issued student loans for Americans with incomes less than $125,000, and $20,000 for those who received Pell grants.
The bill will now go to the Democrat-controlled Senate, where it will likely not pass unless enough Democrats cross party lines.
The House previously voted to stop Biden’s debt forgiveness plan as part of a bill to raise the debt ceiling, but this is the first time it voted exclusively on a bill about the debt forgiveness.
Tangnet
The student loan forgiveness plan is already held up in the Supreme Court, where a decision is expected on whether the Biden Administration can start forgiving loans in June.
Further Reading
House passes measure to block Biden’s student debt relief program (NBC News)
Source: https://www.forbes.com/sites/mollybohannon/2023/05/24/house-passes-bill-repealing-bidens-student-loan-forgiveness-plan/