News
Senate votes to repeal Biden’s student loan forgiveness plan. White House warns Biden will veto
The Senate voted to repeal President Joe Biden’s student loan forgiveness plan on June 1, 2023. Biden —pictured here with U.S. Secretary of Education Miguel Cardona in October — is expected to veto the bill.
Getty Images | Bloomberg
A GOP-led effort to overturn President Joe Biden’s sweeping student loan forgiveness plan passed the Senate on Thursday. Biden is expected to veto the action.
Biden’s plan to cancel up to $20,000 in student debt for tens of millions of Americans is already on hold as the Supreme Court debates its validity.
The measure, which already passed the House along party lines last week, would also nullify the pause on student loan payments. That stay on bills has been in effect for over three years.
This is breaking news. Please check back for updates.
Source: CNBC
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