A handful of moderate Democrats joined with Republicans to rebuke administration's loan forgiveness plan.
Manchin blasted Biden’s student loan program this week as a “reckless” plan that adds too much to the national debt. In a statement explaining his vote, Manchin said it also “forces hard-working taxpayers who already paid off their loans or did not go to college to shoulder the cost.”, who has previously criticized Biden’s student debt relief, did not cast a vote. Sen.
The legislative rebuke of Biden’s plan to cancel debt relief is largely symbolic. Senate Republicans used a process that allows it to pass legislation to undo recent regulations with a simple majority vote but neither the House nor Senate passed the measure with the two-thirds majority that would be needed to override Biden’s veto., the top Republican vote-counter, acknowledged on the floor Thursday that Biden’s veto would be sustained.
Biden administration officials argued that the compromise agreement keeps Biden’s student loan agenda intact and merely codifies their preexisting plan to restart payments later this year. But many progressives worry that the administration was locking itself into restarting payments even if the Supreme Court rules in the coming weeks that it can’t cancel student debt for tens of millions of borrowers., for example, said on Wednesday he would not vote to eliminate the student loan pause that “has been a lifeline to millions of working families during the pandemic.”
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