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GOP Senators to introduce measure to overturn Biden student loan forgiveness

Republicans have largely asserted that the debt forgiveness plan will inordinately benefit those with the highest earning potential at the expense of those on the lower end of that range.

Published: March 27, 2023 4:09pm

A group of Senate Republicans plan to introduce legislation that will eliminate President Joe Biden's student loan forgiveness plan amid ongoing litigation that has seen the administration struggle to respond to judicial scrutiny.

Biden announced last year that he planned to cancel up to $10,000 in student loan debt for individuals making less than $125,000 annually and up to $20,000 for those who received a Pell Grant. The Congressional Budget Office estimates that the plan will cost taxpayers up to $400 billion.

Sen. Bill Cassidy, R-La., is leading the GOP charge against the plan by preparing a Congressional Review Act (CRA) resolution to stop it altogether, according to The Hill. Congress may overturn federal agency regulations under the CRA. Cassidy's effort thus far has the support of at least 37 other Republican senators.

Virginia Republican Rep. Bob Good has already introduced the companion resolution in the GOP-controlled House of Representatives. Even should it clear both chambers, Biden is likely to veto the measure.

Republicans have largely asserted that the debt forgiveness plan will inordinately benefit those with the highest earning potential at the expense of those on the lower end of that range.

"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, per the outlet. "It is extremely unfair to punish these Americans, forcing them to pay the bill for these irresponsible and unfair student loan schemes."

The Supreme Court heard oral arguments over the plan in February in one of several suits challenging the debt relief plan. Biden has expressed confidence that the nation's highest court will ultimately allow it to proceed.

Ben Whedon is an editor and reporter for Just the News. Follow him on Twitter.

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