Washinton D.C. –U.S. Senator Katie Britt (R-Ala.) last week voted in support of legislation that disapproves of Biden’s unidirectional massive student loan debt cancellation policy and the most recent extension of the pause in students’ loan payments.
On the 24th of August 2022 the Biden Administration announced an extension of the pause in student loan repayments and accrual, and the mass repayment plan for student loans “forgiveness” program. The plan instructed education secretary Cardona to revoke $10,000 of student loans for those with annual incomes below $125,000 ($250,000 in the case of marriage) as well as to forgive $20,000 of loan loans to students to Pell grant recipients that meet income levels. It is estimated that the Congressional Budget Office has projected that the plan will cost approximately $400 billion.
In a vote of 52-46 votes, the Senate by the bipartisan 52-46vote approved an unpopular resolution under the Congressional Review Act to block the Biden administration’s plan to reduce student loan debt. The resolution of disapproval was previously approved by in the U.S. House of Representatives by a vote that was bipartisan, 218-203 and is now headed to Biden’s desk. He is likely to block the resolution. However, a decision from the Supreme Court on the Biden Administration’s student loan debt elimination plan is expected before the end of June.
“I am proud to have voted against President Biden’s unconstitutional, unfair and regressive student loan transfer program that blatantly violates the authority of law and imposes additional debt on hard-working Americans who are the least able to pay for the cost,” said Senator Britt. “While this Administration is still relying on radical executive actions of the left to please its supporters Americans, families across the country struggle to meet their financial obligations. The student loan debt crisis will further exacerbate the problem of inflation and increase the costs in higher school to keep growing. I will continue to fight to restore fiscal stability in Washington .”
Senator Britt is the original cosponsor of Senate version of the disapproval resolution S.J.Res.22. She also is an original cosponsor for the Stop Reckless Student Loan Actions Act which limits executive power to cancel unilaterally student loan debt in the federal government and suspend or delay the payment of student loans or the accrual of interest on such loans. Sen. Britt was a part of the Senator Marsha Blackburn’s (R-Tenn.) amicus brief to the Supreme Court supporting respondents in the two Supreme Court cases challenging President Biden’s student loan plan, Biden v. Nebraska and Department of Education v. Brown.
