(FeaturedNews.com) – On Wednesday the House voted to cancel President Biden’s student loan forgiveness plan which would cost the government $400 billion.
Lawmakers voted 218-203 in the resolution disapproving of the student loan forgiveness plan which was originally announced last week but was on pause as the Supreme Court is looking into the legal cases brought forth against it. The decision of the Supreme Court is expected to come later this summer.
All Republicans present voted in favor of the resolution while only two Democrats joined them. In the floor debate, Democrats claimed that blocking Biden’s student debt forgiveness plan was going to hurt the 13 percent of Americans who could have benefited from the loan forgiveness.
Rep. Mark Takano, D-Calif. specifically stated that this is the time when students are in most need of relief, and yet the Republicans are working against the student loan relief program that could benefit 40 million borrowers. He proceeded to ask why Republicans continued to push American students out, adding that the forgiveness would not be a bailout for students but rather a lifeline.
Rep. Maxwell Frost of Florida, another Democrat, also argued that the opposition to the student relief program is based on the idea that most Americans do not need any assistance with their student loans. He proceeded to state that under that logic, neither women nor Black people would have gotten the right to vote.
However, Republicans have counteracted these arguments by claiming that President Biden never had the legal authority to forgive student loan debt.
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