Category: Student Loan Debt Forgiveness

Biden’s Proposed Student Loan Rule Would Cost Taxpayers Billions: Study

June 28, 2023
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A new report (pdf) released by the Foundation for Government Accountability (FGA) on June 27 outlines President Joe Biden’s proposed changes to the income-driven repayment program (IDR) and its potential cost to taxpayers. The study comes as the Supreme Court is expected to rule June 29 on wider issues related to student loan forgiveness. The…

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Senate Overturns Biden’s Student Loan Cancellation Plan, Setting Up Veto

June 1, 2023
congressdepartment of educationExecutive BranchJoe BidenPolicies & ImpactsPoliticsStudent Debt ReliefStudent Loan Debt ForgivenessU.S. SenateUS
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The U.S. Senate voted to overturn President Joe Biden’s student debt transfer program on June 1, rebuking his efforts to bypass Congress and cancel the debt of certain student loan recipients. The chamber passed the joint resolution of disapproval in a 52–46 vote with the help of Independent Sen. Kyrsten Sinema of Arizona and Democratic…

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