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☆ House Republicans are moving forward with a bill that would overhaul student-loan repayment and make it harder for Biden to get relief to borrowers
▼ + stars: | 2024-01-31 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

Democrats introduced their own package to address student debt, but it's unlikely to advance. AdvertisementHouse Republicans are moving forward with a bill that could make it harder for student-loan borrowers to get new forms of relief. Lawmakers on both sides of the aisle have offered solutions to combat the student debt crisis, but there's disagreement on the best way to do so. When it comes to student-loan repayment in particular, the legislation aims to put constraints on the Education Department's ability to implement new programs. AdvertisementLimits debt relief.

Persons: —, Virginia Foxx, Foxx, Joe Biden's, Biden, overreach, Biden's, Pell Grant, Bobby Scott Organizations: Service, Democratic, Higher, Lawmakers, Education Department, GOP, Democrats, College, Public Locations: —

☆ House GOP threatens Harvard with subpoena, considers expanding antisemitism investigation to Cornell and Columbia
▼ + stars: | 2024-01-29 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

A spokesperson for the committee provided CNN a list of the 24 documents Harvard turned over to Congress, noting that all of them were already available publicly. Asked if she has considered adding other schools including Cornell University and Columbia University to the investigation, Foxx said yes. We are quite well aware of Cornell and Columbia,” Foxx said, adding that Columbia President Minouche Shafik was invited to testify but was unable to attend. White-shoe law firm WilmerHale is aiding UPenn in the House investigation, a university spokesperson told CNN. But that had nothing to do with our investigation,” Foxx said.

Persons: Virginia Foxx, Harvard, ” Foxx, Foxx, Jason Newton, “, ” Newton, ” Cornell, Minouche Shafik, WilmerHale, UPenn, Liz Magill, Anna Rose Layden, Derek Penslar, Larry Summers, ”, “ We’re, Penslar “, Gay, Claudine Gay Organizations: New, New York CNN — Rep, House Education, Workforce Committee, Harvard University, CNN, Harvard, Columbia, MIT, University of Pennsylvania, Cornell University, Columbia University, Cornell, Department of Education, House, Rep, U.S, Capitol, American Academy for Jewish Research, National, Gay Locations: New York, Washington , DC, Israel, Penslar

☆ GOP Rep. Virginia Foxx admonishes Harvard for ‘unacceptable’ response to antisemitism investigation
▼ + stars: | 2024-01-23 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

CNN —House Education Committee Chairwoman Rep. Virginia Foxx blasted Harvard University on Tuesday evening for failing to turn over all the documents lawmakers demanded in their antisemitism investigation into the Ivy League school. Harvard faced a 5 pm ET deadline on Tuesday to respond to a demand from lawmakers for a mountain of documents relating to antisemitism on campus. Last week, Alan Garber, Harvard’s interim president, unveiled two presidential task forces aimed at fighting antisemitism and Islamophobia. The House investigation is separate from a probe by the same committee into how Harvard responded to plagiarism allegations against its former president, Claudine Gay. The Department of Education has also launched an unprecedented number of Title VI investigations into colleges, including Harvard, the University of Pennsylvania and Cornell University.

Persons: Virginia Foxx, Foxx, “, Harvard, ” Foxx, Nick Barley, ”, Alan Garber, ” Garber, Lawmakers, Claudine Gay Organizations: CNN —, Harvard University, Ivy League, Republican, Harvard, CNN, The, of Education, University of Pennsylvania, Cornell University Locations: North Carolina, Harvard

☆ Harvard submits plagiarism investigation documents to Congress
▼ + stars: | 2024-01-19 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN —Harvard University submitted a trove of documents on Friday to House lawmakers investigating the plagiarism scandal surrounding former President Claudine Gay. Nick Barley, a spokesperson for the House Education and Workforce Committee, told CNN that lawmakers are “currently reviewing” documents related to the plagiarism investigation Harvard sent ahead of a 5 pm ET deadline. The Harvard Crimson previously reported that the university submitted documents to the committee on Friday. But, following the hearing, Gay began to draw widespread criticism over accusations of plagiarism, including multiple instances of missing quotation marks and citations. Notably, the university called those corrections “regrettable,” but found they did not meet the punishable threshold of research misconduct.

Persons: Claudine Gay, Nick Barley, “, Harvard, Virginia Foxx, Penny Pritzker, Gay, Gay’s, Israel – Organizations: New, New York CNN — Harvard University, House Education, Workforce Committee, CNN, Harvard Corporation, Harvard Crimson, Harvard Locations: New York, Harvard’s

☆ Student-loan forgiveness and cheaper monthly payments are on the line as the GOP's plan to slash Education Department funding moves forward
▼ + stars: | 2023-11-08 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

House Republicans proposed a bill to cut funding for the Education Department. AdvertisementAdvertisementFunding cuts could be coming for the Education Department, and key programs for student-loan borrowers are at risk. These funding cuts would come just over a month into federal student-loan borrowers' return to repayment after an over three-year pause. The GOP appropriations lawmakers, however, wrote that the "Department diverted taxpayer resources for its partisan, costly student loan policies, when it needed to be preparing for an orderly resumption of Federal student loan payments." "The Department repeatedly delayed the return to loan repayment, which generated uncertainty and undermined a timely and orderly restart of loan payments," they wrote.

Persons: —, Biden, Virginia Foxx, Ben Miller Organizations: Republicans, Education Department, Service, Labor, Health, Human Services, Education, Federal Student Aid, GOP

☆ A top GOP lawmaker is taking legal action to scrutinize the Education Department's authority to cancel student debt for defrauded borrowers
▼ + stars: | 2023-10-31 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

GOP Rep. Virginia Foxx issued a subpoena to the Education Department on Tuesday. AdvertisementAdvertisementA top Republican lawmaker is turning to legal action to get answers from the Education Department on student-debt relief. Borrower defense claims are forms a borrower can submit if they believe they were defrauded by the school they attended, and if approved, their loans from that school would be discharged. AdvertisementAdvertisement"This is the first time the Committee has subpoenaed the Education Department, and it is a measure that I do not take lightly. Biden's Education Department has consistently stood by its legal authority to approve borrower defense claims for defrauded borrowers.

Persons: Virginia Foxx, Foxx, —, Secretary Miguel Cardona, Foxx isn't, Secretary Cardona, Cardona, Donald Trump, Aaron Ament Organizations: Education Department, Service, Republican, Secretary, Biden's, Department, Higher, Student Defense Locations: Cardona

☆ Republicans shouted down a reporter and told her 'shut up' for asking their potential next House speaker about his efforts to overturn the 2020 election
▼ + stars: | 2023-10-25 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

An ABC News reporter tried to ask GOP Rep. Mike Johnson about his efforts to overturn the 2020 election. In the end, 125 House Republicans, including then-House Minority Leader Kevin McCarthy, signed on to the Supreme Court brief. While House Republicans failed to overturn the results, 139 lawmakers voted to uphold challenges to at least one state. While a majority of House Republicans voted to object to both states, there were some notable exceptions. Emmer, who was then the leader of House Republicans campaign arm, was briefly the GOP's nominee to become speaker of the House on Tuesday.

Persons: Mike Johnson, —, Virginia Foxx, Rachel Scott, Johnson, Foxx, Scott, Ken Paxton's, Donald Trump, Kevin McCarthy, Tom Emmer, Emmer Organizations: ABC, GOP, Republican, Service, Republicans, Capitol, Rep, Education, Workforce Committee, New York Times, Supreme, Electoral, Arizona, House Republicans Locations: North Carolina, Texas, Pennsylvania , Michigan , Wisconsin, Georgia, Minnesota

Previously, Democratic governors who had backed school choice measures had done so in compromise deals with Republican-controlled legislatures. Vouchers have long been viewed in stark partisan terms: Democrats and public school allies say they drain critical resources from public schools. Republicans and school choice advocates say they give freedom to families who may not like their local public schools. That had motivated public school advocates and Democrats to demand billions more for the poorest public schools, a quest that Shapiro has said he supports. Those fluent in the history of school vouchers could think of no other Democratic governor who had embraced them.

Persons: Josh Shapiro —, Shapiro, ”, Robert Enlow, ’ ”, Matthew Brouillette, Christopher Borick, Jeffrey Yass, Jeff Yass, Charlie Gerow, ” Shapiro, Joshua Cowen, Peter Schweyer, —, recriminations, “ cowering, Shapiro shrugged, we've, Marc Levy Organizations: —, Republican, Pennsylvania, Democratic, Republicans, Roman Catholic, Muhlenberg College Institute of Public, GOP, Fox News, Michigan State University, Republican Party, Senate Republicans, Lehigh . Teachers, AFSCME, SEIU, AFL, House Democratic, Wall Street Locations: HARRISBURG, Pa, Indianapolis, Pennsylvania, statehouses, Yass, Milwaukee, Wisconsin, “, Philadelphia

☆ Why paying off your student loans won't get easier anytime soon
▼ + stars: | 2023-10-02 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +14 min

Student-loan borrowers are entering uncharted territoryThe Education Department has never had to reenter 28 million people into payments at the same time. Plus, federal servicers' technology may not be up to the task. In contrast, federal student-loan servicing has been contracted out to five companies, and the government doesn't have the resources to fully keep tabs on the industry. "So there really were deep-rooted structural problems in the loan programs on the policy design but also on the execution side," Kvaal said. As the years went on, the GAO continued to identify flaws in student-loan programs that were hurting borrowers.

Persons: Greg Ogden, Ogden, I've, servicer, he's, he'd, We're, Sen, Elizabeth Warren, James Kvaal, —, Kvaal, Barack Obama's, Obamacare, servicers, Scott Buchanan, servicers —, servicer MOHELA, MOHELA, Biden, Virginia Foxx, she's, Cardona, it's, Foxx, Carolyn Fast, Joe Biden's, Buchanan, Warren, Pamela Herd, Herd, Melissa Emrey, that's, Miguel Cardona, we're Organizations: Public, Education Department, Department, Student Loan, —, GOP, The Century Foundation, Federal Student Aid, Georgetown University, Medicare, Student Aid, Office, Biden, Social, Education, Consumer Financial, Emrey, Federal, Aid Locations: servicers, Arras

☆ Student-loan borrowers aren't waiting for payments to resume to start paying off their debt
▼ + stars: | 2023-09-19 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The Treasury recorded a $1 billion cash flow into the Education Department on September 1. Borrowers are already starting to make payments before bills are due next month. On September 1, interest began accruing on millions of federal student-loan borrowers' balances, marking the end of the over three-year payment pause introduced at the start of the pandemic. AdvertisementAdvertisementWhile the influx of cash into the Education Department might not solely be from student-loan payments, it's clear it was a major contributor this month, based on Treasury data. While some borrowers have been using the time to prepare for repayment, the Education Department previously said 4 million borrowers are enrolled in the new SAVE income-driven repayment plan, intended to lower monthly payments.

Persons: James Kvaal, Kvaal, Bobby Scott Organizations: Treasury, Education Department, Service, Politico, Republican Locations: Wall, Silicon

☆ The GOP is moving forward with a bill that would force student-loan borrowers into 'payments they can't afford' by blocking Biden's new repayment plan, a top Democrat says
▼ + stars: | 2023-09-14 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Republicans began marking up a bill that would overturn Biden's new SAVE income-driven repayment plan. Over 4 million borrowers are already enrolled in the plan, the Education Department said. In his opening statement during the markup, he said that the GOP bill would "undermine the economic security of millions of student borrowers." AdvertisementAdvertisement"With the return to student loan repayment underway, student loan borrowers and their families are already anxious," he said. Student-loan payments are resuming in October, and the Education Department has touted its SAVE plan as an option for borrowers who are worried about affording their monthly payments.

Persons: Bobby Scott, Joe Biden's, isn't, Biden, Sen, Bill Cassidy Organizations: Democratic, Education Department, Service, Republicans, Senate, GOP, SAVE, Republican Locations: Wall, Silicon

☆ Student-loan borrowers' interest rates would be 'immediately eliminated' if Democratic lawmakers' new bill is passed
▼ + stars: | 2023-08-02 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

A pair of Democrats introduced a bill to eliminate interest on existing federal student loan balances. "Thanks to this fix, 43 million Americans with existing federally held student loans would see their interest rates immediately eliminated," the press release said. The federal government should not exacerbate the problem by making money off borrowers' federal student loans," Courtney said in a statement. This legislation comes as interest on student-loan payments is beginning to accrue again in September, with borrowers resuming payments one month later. People should not be incurring interest during this 12-month on-ramp period, so I highly urge the administration to consider suspending those interest payments."

Persons: Joe Courtney, Vermont Sen, Peter Welch, Courtney, SCOTUS, Biden's, Pell, Virginia Foxx, Joe Biden's, Alexandria Ocasio, Cortez Organizations: Service, Democratic, Connecticut, Republican, Federal Assistance, FAIR, New York Rep Locations: Wall, Silicon, Vermont, Alexandria

☆ Biden to keep Julie Su on indefinitely as Labor chief despite lack of Senate votes
▼ + stars: | 2023-07-21 | by ( Sahil Kapur | Liz Brown-Kaiser | ) www.cnbc.com time to read: +5 min

The White House plans to use a little-known law to keep Acting Labor Secretary Julie Su in the job even if she fails to win Senate approval, a White House official told NBC News. "Upon Secretary Walsh's departure, Acting Secretary Su automatically became Acting Secretary under its organic statute, not under the Federal Vacancies Reform Act," the White House official said in an email. "As a result, Su is not subject to the time limits of the Federal Vacancies Reform Act and she can serve as Acting Secretary indefinitely." But Su's nomination for labor secretary has since stalled in the Senate, where Democrats control 51 votes and expect unified Republican opposition. "The President's support for Acting Secretary Su is unwavering," the White House official said.

Persons: Julie Su, Walsh's, Su, Marty Walsh, Sen, Joe Manchin, Kyrsten Sinema, hasn't, Joe Biden, Biden, Julie Su's, Bill Cassidy, Kevin McCarthy, Mitch McConnell, Donald Trump, Chuck Schumer, — Elyse Perlmutter, Gumbiner Organizations: Education, Department of Labor, White, Labor, NBC, Federal, White House, NBC News, Senate, Health, Pensions, GOP, Republican, Democratic, Wednesday Locations: Rayburn, Ky

☆ It's a 'grave mistake' for Biden to resume student-loan payments without first giving borrowers debt relief, 179 advocacy groups say
▼ + stars: | 2023-07-19 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Student-loan payments are set to resume in October without broad debt relief. Nearly 200 organizations called on Biden to deliver relief before payments resume. Biden has started the process to enact debt relief again, but it could take months. But payments are still scheduled to resume in October, and the advocacy groups do not want borrowers to foot another bill without any relief. However, interest would still accrue during that time, so borrowers' balances would still grow — and even more so without any broad debt relief.

Persons: Biden, NAACP —, Joe Biden, —, Education James Kvaal, Virginia Foxx Organizations: Service, Protection Center, NAACP, Education Department, Higher, Administration, —, Education, Republican Locations: Wall, Silicon

☆ Biden's administration just kicked off the process to get student-loan forgiveness to millions of borrowers, vowing to 'work as quickly as possible under the law'
▼ + stars: | 2023-07-18 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The Education Department on Tuesday held its first public hearing on its new student-debt relief plan. It comes after the Supreme Court struck down Biden's first route for debt relief in June. Biden is attempting to use the Higher Education Act of 1965, which will take longer than the first plan. We will help as many borrowers as possible, and we will work as quickly as possible under the law." "Taxpayers just got sucker punched – again – by this administration," top Republican on the House education committee Virginia Foxx said after Biden announced the new plan for relief.

Persons: Biden, Joe Biden's, Education James Kvaal, Kvaal, –, Virginia Foxx Organizations: Department, Service, Education Department, Higher, Education, Democratic, Republican, Taxpayers Locations: Wall, Silicon

☆ The Supreme Court ruled Biden used the wrong law to cancel student debt. He's trying again with a different one.
▼ + stars: | 2023-07-01 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

On Friday, the Supreme Court decided in a 6-3 ruling that Biden's plan to cancel up to $20,000 in student debt cannot move forward. The majority ruled that the states had standing to involve MOHELA in their case, and the law Biden used to cancel student debt demonstrated an overreach of authority. "I believe that the Court's decision to strike down our student debt relief plan is wrong," he added. "Despite this legally unsound Supreme Court decision, the President has the clear authority under the Higher Education Act of 1965 to cancel student debt. "The President has additional legal tools to cancel student debt — and he should use them.

Persons: —, Joe Biden's, it's, Friday's, Brown, Biden, John Roberts, Vermont Sen, Bernie Sanders, Sanders, Massachusetts Sen, Elizabeth Warren, Warren, What's, Mr, Virginia Foxx, Ayanna Pressley, Miguel Cardona, Pressley, Cardona Organizations: Biden, Service, Supreme, US Department of Education, . Nebraska, Administration, Department, Higher, Biden Administration, Democratic, Legal Services Center of Harvard Law School, Massachusetts, Education Department, Republican, Education Locations: ., Vermont, Massachusetts

☆ Biden isn't extending the student-loan payment pause — but borrowers might not have to immediately start repayment in October
▼ + stars: | 2023-06-29 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The Education Department finalized a three-month grace period after payments resume, per Politico. The Supreme Court will issue a decision on Biden's broad debt relief plan on Friday. In addition to the grace period, Politico also reported that the Education Department will unveil its new income-driven repayment plan in the coming weeks, with implementation soon after. The Education Department did not immediately respond to Insider's request for comment on its forthcoming plans. Amid the repayment debate, the most pressing issue for borrowers right now is whether the Supreme Court will uphold Biden's broad student-loan forgiveness.

Persons: It's, —, Joe Biden's, Biden, Biden's, Virginia Foxx, Foxx, Sen, Bill Cassidy, Secretary Miguel Cardona, Alexandria Ocasio, Cortez Organizations: Education Department, Politico, Service, Joe Biden's Education Department, Republican, Department, Secretary, Democratic Locations: Alexandria, United States

☆ Online College Classes Are Making the Student Debt Crisis Worse
▼ + stars: | 2023-06-05 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +18 min

She applied and was accepted to the online program in 2020. In exchange for expanding course offerings and recruiting students, OPMs receive a big chunk of the tuition revenue from the online programs, which usually cost the same as in-person schooling. While it's not always the case, many experts and grads told me that OPMs were offering online students a worse education for a sky-high price. A third-party provider to those schools, 2U signs a contract to offer services such as recruiting and technology to boost online enrollment. OPMs have helped fuel the student debt crisis, saddling may students with tens of thousands of dollars worth of debt and an uncertain future.

Persons: Iola Favell, Favell, Rossier, Zavareei, USC Rossier, OPMs, it's, grads, Eric Rothschild, John Katzman, Katzman, Clare McCann, McCann, —, Aaron Ament, Barack Obama, That's, STEFANI REYNOLDS, Helen Drinan, Cabrini University —, Drinan, Democratic Sens, Elizabeth Warren, Tina Smith, Sherrod Brown, Pearson, Rosa DeLauro, Virginia Foxx, Ament Organizations: University of Southern California's Rossier School of Education, USC, Student Defense, Zavareei LLP, US, Education Department upended, Education Department, Arnold Ventures, OPM, Office, Los Angeles Times, Wall Street, Canyon University, Grand Canyon, Century Foundation, Getty, Cabrini University, Simmons University, Democratic, GAO, Republican, GOP, Universities, Protection, Consumer Financial, Bureau Locations: California, Georgetown, —, Pennsylvania, Massachusetts

☆ Online College Class Providers Screwing Over Students, Adding to Debt Crisis
▼ + stars: | 2023-06-01 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +18 min

She applied and was accepted to the online program in 2020. In exchange for expanding course offerings and recruiting students, OPMs receive a big chunk of the tuition revenue from the online programs, which usually cost the same as in-person schooling. While it's not always the case, many experts and grads told me that OPMs were offering online students a worse education for a sky-high price. A third-party provider to those schools, 2U signs a contract to offer services such as recruiting and technology to boost online enrollment. But beyond scandals, the everyday business of OPMs is leaving many online students with exorbitant bills, despite how cheap it is to administer the courses.

Persons: Iola Favell, Favell, Rossier, USC Rossier, OPMs, it's, grads, Eric Rothschild, John Katzman, Katzman, Clare McCann, McCann, —, Aaron Ament, Barack Obama, That's, STEFANI REYNOLDS, Helen Drinan, Cabrini University —, Drinan, Democratic Sens, Elizabeth Warren, Tina Smith, Sherrod Brown, Pearson, Rosa DeLauro, Virginia Foxx, Ament Organizations: University of Southern California's Rossier School of Education, USC, Student Defense, US, Education Department upended, Education Department, Arnold Ventures, OPM, Office, Los Angeles Times, Wall Street, Canyon University, Grand Canyon, Century Foundation, Getty, Cabrini University, Simmons University, Democratic, GAO, Republican, GOP, Universities, Protection, Consumer Financial, Bureau Locations: California, Georgetown, —, Pennsylvania, Massachusetts

☆ These are the 2 House Democrats who voted with Republicans to overturn Biden's student-loan forgiveness
▼ + stars: | 2023-05-25 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The House passed a bill on Wednesday to overturn Biden's student-debt relief plans. The measure passed by a vote of 218-203 — but it wasn't just Republicans who voted in favor of the legislation. Democratic Reps. Jared Golden of Maine and Marie Gluesenkamp Perez of Washington joined Republicans in voting in favor of overturning Biden's student-debt relief policies. The bill to overturn student-debt relief now heads to the closely divided Senate, where it faces an uncertain path ahead. "House Republicans just voted to throw 260K public servants back into debt & force 36 million Americans to immediately pay back months of paused student loans," Massachusetts Sen. Elizabeth Warren wrote on Twitter on Wednesday.

☆ The House just passed a bill to block student-loan forgiveness and end the payment pause immediately
▼ + stars: | 2023-05-24 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

A bill to overturn Biden's student-debt relief passed the House by a vote of 218-203. Along with blocking broad debt relief, the bill would also end the payment pause. The bill would overturn President Joe Biden's plan to cancel up to $20,000 in student debt for federal borrowers, along with immediately ending the ongoing student-loan payment pause, throwing borrowers back into repayment earlier than expected. Pierce said that means the bill will "unwind debt relief already delivered to hundreds of thousands of public service workers across the country. This will happen because the seventh and eighth payment pauses also give credit towards Public Service Loan Forgiveness for each paused month covered by these executive actions,."

☆ The GOP's bill to permanently block Biden's student-debt relief could cause public servants' loan balances to unexpectedly balloon if it passes, advocacy groups say
▼ + stars: | 2023-05-23 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

The SBPC and AFT released a report analyzing the impacts of a GOP bill to overturn student-debt relief. GOP Rep. Virginia Foxx rejected that idea during a hearing last week as Democrats said loans would be reinstated under the bill. However, the text of the CRA statute could suggest the GOP bill might do far more than block Biden's broad debt relief and the student-loan payment pauses. "This resolution will unwind debt relief already delivered to hundreds of thousands of public service workers across the country. The report also estimates that two million public servants making progress toward payments in PSLF could lose "at least some progress toward relief."

☆ House Republicans are planning to vote on a bill this week to deprive over '40 million hard-working' student-loan borrowers of debt cancellation, the White House says — and if passed, Biden will veto
▼ + stars: | 2023-05-22 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Republicans are planning to bring a bill overturning student-debt relief to the House floor for a vote this week. The White House said in a Monday statement that Biden will veto the bill if it makes it to his desk. "This resolution is an unprecedented attempt to undercut our historic economic recovery and would deprive more than 40 million hard-working Americans of much-needed student debt relief," the OMB said. Biden's broad debt relief plan has been blocked since November due to two conservative-backed lawsuits that paused the implementation of the plan. While the resolution could pass the House given the Republican majority, if faces a much trickier path in the Democratic-controlled Senate and White House.

☆ Student-loan borrowers need more 'individual responsibility,' a top GOP lawmaker says as the House advances a bill to block Biden's debt cancellation
▼ + stars: | 2023-05-10 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

A GOP resolution to block student-debt cancellation advanced out of the House education committee on Wednesday. The bill heads to a full House vote, but it's unlikely to pass a Democratic-controlled Senate. 45 is the first step in restoring individual responsibility and solving the root challenges of the student loan system." Republicans have expressed similar sentiments since the lead up to Biden's announcement of broad debt relief. "Let's be clear: this resolution to eliminate student debt relief would hurt millions of student borrowers and their families," he added.

☆ Millions of student-loan borrowers would be forced into 'abrupt and unplanned repayment' if Republicans' plan to overturn Biden's debt cancellation gets passed, 261 advocacy groups tell Congress
▼ + stars: | 2023-05-08 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

The House could likely take a first vote this week on a bill that would overturn student-debt relief. 261 advocacy groups urged congressional leaders on Monday to ensure that doesn't happen. They said the bill could force borrowers into an "abrupt" return to repayment and block targeted relief. "It will also force the Department of Education to unwind loans forgiven under Public Service Loan Forgiveness for first responders, nurses, educators, servicemembers, and hundreds of thousands of other public service workers across the country," they continued. Along with the CRA, McCarthy's bill to raise the debt ceiling — which passed the House two weeks ago — had spending cuts attached that included banning student-loan forgiveness.

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