| Christian Nodal goes to court to sign again an injunction against his former label | | A new hearing announced in the federal court of Texas to defend DACA | | Clarissa Molina shows off her figure in blue leggings after doing her exercises | | Wearing black biker shorts Chiquis Rivera dances in her kitchen before starting to clean | | Migrants seeking asylum in the US camp at the border crossing in Tijuana | | Daddy Yankee is honest and reveals that he changed his mansion because they no longer fit... his tennis shoes! | | The US Coast Guard searches for a man who fell from a cruise ship off Florida | | Anitta poses in a bikini for Harper’s Bazaar magazine | | Biden Laughs Upon Learning DeSantis Could Pardon Trump If Elected President | | Ninel Conde shows off her tan wearing a white micro bikini | | Armed confrontation with police leaves 10 criminals dead in northern Mexico | | The musical group OV7 confirms the date of its final goodbye from the stages | | Pedro Sanchez advances the general elections in Spain | | New Jersey student's service dog receives diploma at graduation | | Memorial Day 2023: discounts in clothing, technology and household items stores | | Public sector employees in New York will receive a bonus of up to $2,000 dollars | | US threatens Uganda with sanctions if it does not repeal its anti-homosexuality law | | Teen in Guyana charged as an adult with 19 counts of murder in bedroom fire | | In an argument after the defeat of Chivas, a young man in Mexico killed his uncle with a knife | | The Little Mermaid grossed more than $117 million in the US in its opening weekend | | Chiquis Rivera announces her engagement and shows off her luxurious ring | | Nayib Bukele announces another offensive against gangs in El Salvador | | At 53, Jennifer Lopez shows off her statuesque figure in a yellow swimsuit | | Karol G dances daringly in a minidress and then sings in a 'live' after years | | Apple will pay a $50 million dollar settlement for a design problem in the keyboards of its MacBooks | | Man in police custody dies after breaking window of hospital with oxygen tank and falling 20 feet | | Lying face down Demi Rose posted a video before receiving a massage | | North Korea announces satellite launch; Critics Accuse Covert Long-Range Missile Test | | Man who opened plane door mid-flight says he did it because he felt suffocated | | Itati Cantoral seems to have copied Shakira's look | | 246 shootings and more than 17 thousand victims in 147 days in the United States |

House Passes Measure to Suspend Biden's Student Loan Forgiveness Program

House Passes Measure to Suspend Bidens Student Loan Forgiveness Program
House Passes Measure to Suspend Bidens Student Loan Forgiveness Program
Khushbu Kumari

The Republican-majority House of Representatives voted Wednesday to repeal Biden's plan to cancel more than $400 billion in student debt, as well as restart loan payments for millions of borrowers.

The unique student loan forgiveness program launched by the Joe Biden Administration faces a new threat from House Republicans as they also a Supreme Court ruling is expected on whether or not the proposal can enter into force .

The House of Representatives voted Wednesday to pass a resolution that blocks the student loan forgiveness program and also ends the Covid-related pause that temporarily suspended payments on federal student loans.

Two Democrats, Rep. Jared Golden of Maine and Rep. Marie Gluesenkamp Pérez of Washington, joined Republicans in voting in favor of the bill.

In a vote of 218 to 203, Virginia Republican Rep. Bob Good passed his measure to end the pandemic-era student loan repayment lull, canceling that potential relief for 40 million borrowers.

Biden's proposal, which is also currently at the mercy of the conservative-leaning Supreme Court, is estimated to cost around $400 billion.

The vote also served to block President Biden's student debt relief plan that would give up to $20,000 in loan forgiveness to borrowers.

The Senate has yet to schedule a vote on the resolution, but nearly all of the 49 Republican senators have signed on as sponsors, according to CNN.

That Biden student debt relief plan was stopped by lower courts late last year, before any student debt could be cancelled. The pandemic payment pause, which has been in place since March 2020, will end at the end of this year.

President Joe Biden has vowed to veto the Republican-led resolution if it passes in both the House and the Senate. The administration said the resolution would “undermine America's middle class.”

“The president's plan is a good one. Is popular. And it will help prevent borrowers from defaulting when loan payments resume this summer,” White House press secretary Karine Jean-Pierre said Wednesday.

What are the benefits of Biden's student loan forgiveness plan

If the student loan forgiveness program is allowed to go forward, individual borrowers who won less than $125,000 in 2020 or 2021 and married couples or heads of households who earned less than $250,000 a year could see up to $10,000 of their federal student loan debt forgiven.

If a qualified borrower also received a federal Pell Grant while enrolled in college, the individual is eligible for debt forgiveness of up to $20,000.

While debt relief would help borrowers with student loans now, the program would not change the cost of college in the future, and some critics argue that it could even lead to increased tuition.

You may also like:

About | Terms of use | Privacy Policy | Cookie Policy