A group of Republican senators introduced a resolution Monday to overturn President Joe Biden’s student debt forgiveness plan, intensifying a fight over an issue that’s divided Congress and Americans alike.
The measure — led by GOP Sens. Bill Cassidy of Louisiana, John Cornyn of Texas and Joni Ernst of Iowa — would scrap Biden’s plan to cancel up to $10,000 in student debt for qualifying federal borrowers, with a select group getting relief on up to $20,000 in loans. The plan is expected to cost around $400 billion in federal spending.
“President Biden is not forgiving debt, he is shifting the burden of student loans off of the borrowers who willingly took on their debt and placing it onto those who chose to not go to college or already fulfilled their commitment to pay off their loans,” Cassidy said in a statement Monday. “It is extremely unfair to punish these Americans, forcing them to pay the bill for these irresponsible and unfair student loan schemes.”
