Senate Passed A Bill That Could Block Biden’s Student Debt Relief Progam

The White House argues that the proposal to cancel some student debt will help protect borrowers from defaulting when student loan payments resume later this year after a years-long pandemic-related pause.

The Senate also passed another bill that could block President Biden’s student loan forgiveness program despite the Supreme Court’s ruling on its legality.

The student debt relief program planned to cancel up to $20 thousand of debt for millions of borrowers but has been paused due to legal challenges.

The bill that could block it indefinitely is now on its way to the president’s desk after the house already passed it earlier this week. President Biden has pledged to veto the legislation.

Meanwhile borrowers are still awaiting a Supreme Court decision that will determine whether the student loan forgiveness program can take effect or not.

The justices are expected to rule later this month or in early July.

The White House argues that the proposal to cancel some student debt will help protect borrowers from defaulting when student loan payments resume later this year after a years-long pandemic-related pause.