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Senate passes resolution to block Biden's federal student loan relief plan With
President Biden pledging a veto, the resolution amounts to a mostly symbolic
show of congressional disapproval on a plan to cancel up to $20,000 in federal
student loan debt.


POLITICS


SENATE PASSES GOP-LED RESOLUTION TO BLOCK BIDEN'S STUDENT LOAN RELIEF PLAN

June 2, 202310:07 AM ET

By 

Emily Olson

Enlarge this image

Student loan borrowers gather near The White House in May 2020. On Thursday, the
Senate voted to repeal President Biden's plan to offer up to $20,000 in federal
student loan debt relief. Paul Morigi/Getty Images hide caption

toggle caption
Paul Morigi/Getty Images


Student loan borrowers gather near The White House in May 2020. On Thursday, the
Senate voted to repeal President Biden's plan to offer up to $20,000 in federal
student loan debt relief.

Paul Morigi/Getty Images

The Senate passed legislation on Thursday seeking to repeal the Biden
administration's student loan relief plan, setting up a pledged veto from the
president.

The relief plan, which would cancel up $20,000 in federal student loan debt for
tens of millions of Americans, has been tied up in the courts for months. A
Supreme Court ruling that could block the plan is expected by early July.

The latest legislative action against the plan amounts to a symbolic show of
congressional disapproval.


POLITICS


SENATE SENDS DEBT CEILING LEGISLATION TO PRESIDENT BIDEN'S DESK WITH DAYS TO
SPARE


EDUCATION


IS THE DEBT DEAL CHANGING STUDENT LOAN REPAYMENT? HERE'S WHAT YOU NEED TO KNOW

Republicans introduced the bill by invoking the Congressional Review Act, which
allows Congress to reverse executive orders and requires only a simple majority
in both chambers to pass. But it still requires a two-thirds majority to
override a presidential veto, and Republicans aren't expected to have the
numbers.

The resolution passed the House last week with a 218-203 vote. Thursday's Senate
vote was 52-46.

Two moderate Democrats — Sens. Joe Manchin of West Virginia and Jon Tester of
Montana — sided with the Republicans to vote in favor of the bill. Arizona Sen.
Kyrsten Sinema, an independent, also voted in favor.

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Sens. Michael Bennet, D-Colo., and Mark Warner, D-Va., did not cast votes. Both
have been vocal critics of the plan, saying it only shifted the cost burden
elsewhere.

Republicans have offered fierce opposition from the outset, calling the plan an
enormously expensive handout. The nonpartisan Congressional Budget Office
estimated it would cost taxpayers roughly $400 billion.

In a statement following Thursday's vote, the White House called the resolution
an "unprecedented attempt to undercut our historic economic recovery."


STUDENT LOAN REPAYMENT IS STILL SET TO RESUME IN LATE AUGUST

The Senate took another action on student loan debt on Thursday, passing a
bipartisan bill to lift the national debt ceiling. That new legislation sets the
date for resuming federal student loan repayments, which have been on hold since
March 2020.

All federal student loan borrowers will now be expected to start making payments
again after August 29. That's also the date their loans will again accrue
interest.


EDUCATION


A LOOK INSIDE THE LEGAL BATTLE TO STOP BIDEN'S STUDENT LOAN RELIEF

After five extensions, this appears to be the final end to the repayment pause:
The debt deal prohibits the education secretary from making extensions without
congressional approval.

The restart will affect some 43 million borrowers who, collectively, owe over a
trillion in student loan debt. But, in effect, the debt deal hasn't changed much
about the current loan landscape.

Back in November, the Biden administration said it was planning to end the pause
at the end of August, or, at the latest, 60 days after the Supreme Court rules
on Biden's broader student debt relief plan.




A SUPREME COURT DECISION ON THE STUDENT LOAN RELIEF PLAN IS EXPECTED ANY DAY NOW

With Biden's veto of the Senate's standalone legislation, the fate of the
broader federal student loan debt relief remains in the hands of the Supreme
Court.


LAW


CONSERVATIVE AND LIBERALS SPLIT AT SUPREME COURT OVER BIDEN STUDENT LOAN PLAN

It was last August that Biden first announced plans to cancel up to $20,000 of
debt for anyone who received a Pell Grant to attend college and up to $10,000
for federal borrowers earning less than $125,000.

The rollout of that plan was shortly put on ice to account for a lawsuit brought
by a coalition of conservative states, who say the president overstepped his
executive powers.

The Biden administration argues the program falls under the HEROES Act, a 2003
law that gives the Department of Education the power to forgive student loan
debt during a national emergency.

The court's six conservative justices showed skepticism towards Biden's
arguments in February. A ruling in the case is expected in June or early July.

 * biden administration
 * student loans
 * student loan debt
 * Senate
 * Supreme Court

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