Senate votes to reverse Biden student loan bailout as Supreme Court ruling looms

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Senate votes to reverse Biden student loan bailout as Supreme Court ruling looms
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The legislation passed the upper chamber 52-46, with Democrats Jon Tester of Montana and Joe Manchin of West Virginia voting with all 49 Republicans in favor of the resolution.

Independent Sen. Kyrsten Sinema of Arizona also voted to repeal the giveaway, while two other Democratic senators – Mark Warner of Virginia and Michael Bennet of Colorado – did not vote. from certain borrowers and also nullify the pandemic-era pause on student loan payments that has been in place since March 2020. whether the plan violates the Constitution. A ruling is expected later this month.

In a statement issued on Thursday, Manchin said he voted to repeal the president’s plan because the country “simply cannot afford to add another $400 billion to the national debt.”“There are already more than 50 existing student loan repayment and forgiveness programs aimed at attracting individuals to vital service jobs, such as teachers, health care workers, and public servants,” he said.

The resolution passed without the two-thirds majority needed to thwart Biden’s expected veto and Senate Minority Whip John Thune acknowledged Thursday that the bill was dead-on-arrival at the White House. “Unfortunately, the president is guaranteed to veto the measure, and there are not enough Democrats in the House and Senate to be willing to override his veto,” Thune said.

The White House has indicated that some 26 million applications for loan forgiveness had been received before a lower court in Texas blocked the program in November, and that 16 million of those applications have been approved.

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