Biden's student loan help would be 'annihilated' by GOP bill
Not trying to be negative but I wanted to make sure people are at least aware of this.
I just grabbed the first part of the article. People can read the whole thing if desired.
Obviously Biden will veto it. At least I hope he will but it's hard to say for sure these days.
"WASHINGTON (AP) — President Joe Biden’s student loan agenda would be all but obliterated by the U.S. debt legislation passed by House Republicans, dooming his mass cancellations, scrapping a more generous loan repayment option and permanently barring future regulation around student debt.
Republicans see it as a victory for taxpayers. Democrats say it would hurt the economy and block college students who need financial aid.
The GOP bill would cancel both of Biden’s marquee student debt proposals: a one-time cancellation of up to $20,000 for more than 40 million Americans, and an updated loan repayment plan that could slash monthly payments for millions.
It would also lift a pause on federal student loan payments, forcing borrowers into repayment sooner than planned."