President Joe Biden vetoed the GOP-led House of Representative’s plan to stop his efforts to forgive more than $400 million in student loans.
The U.S. House and Senate passed measures to reject or overturn the student-loan-forgiveness program. If Biden would not have vetoed the measures, millions of borrowers would have had to resume payments that were paused during the pandemic and, furthermore, the Education Department would have been prevented from pursuing similar policies in the future, the Washington Post said.
In a statement, Biden said, “It’s a shame for working families across the country that lawmakers continue to pursue this unprecedented attempt to deny critical relief to millions of their own constituents, even as several of these same lawmakers had had tens of thousands of dollars of their own business loans forgiven by the Federal Government.
“I remain committed to continuing to make college affordable and providing this critical relief to borrowers as they work to recover from a once-in-a-century pandemic.”
The student-debt-forgiveness program faces one more hurdle: the U.S. Supreme Court is set to rule its legality before the end of June.
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