Biden vetoes bill that would canceled his student debt relief plan
Jun 7, 2023, 8:55 PM
President Joe Biden listens as he meets with Denmark's Prime Minister Mette Frederiksen in the Oval Office of the White House in Washington, Monday, June 5, 2023. (AP Photo/Susan Walsh)
Credit: ASSOCIATED PRESS
(AP Photo/Susan Walsh)
WASHINGTON (AP) — President Joe Biden on Wednesday vetoed legislation that would have canceled his plan to forgive student debt.
The measure had been pushed by Republicans, but it garnered a handful of Democratic votes in the Senate as well.
“It is 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,” Biden said in a statement when announcing his veto.
KSL+: The ins and outs of the student debt crisis and the plan to forgive
Despite the veto, Biden’s plan still isn’t secure. The U.S. Supreme Court, which is dominated by a conservative majority, is reviewing a legal challenge that could eliminate the program. A decision is expected this summer.
If enacted, Biden’s plan would forgive up to $20,000 in federal student loan debt for borrowers making less than $125,000 per year.
Student loan payments were paused at the beginning of the COVID-19 pandemic. However, they will resume in August for anyone whose debt is not wiped out by Biden’s plan.
