GOP Senators Introduce Resolution to Revoke President Biden’s Executive Action on Student Loan Debt Relief

A group of Republican senators have proposed a resolution to revoke President Joe Biden’s executive action to forgive some federal student loan debt. The resolution, led by Sen. Bill Cassidy of Louisiana, Sen. John Cornyn of Texas and Sen. Joni Ernst of Iowa, was introduced on Monday and has 35 GOP co-sponsors.

The resolution would scrap Biden’s plan to cancel up to $10,000 in student debt for qualifying federal borrowers, with a select group getting relief on up to $20,000 in loans. It is intended to prevent debt relief from being given to those who willingly took on their debt and shift the burden to those who chose not to go to college or have already paid off their loans.

In a statement, Sen. Cassidy said, “Where is the relief for the man who skipped college but is paying off his work truck, or the woman who paid off her loans and is now struggling to afford her mortgage?”

The resolution has been met with mixed reactions from both sides of the aisle. Supporters of the resolution argue that it is unfair to forgive student loan debt for some while others who have made responsible financial decisions are left to shoulder the burden. Opponents of the resolution argue that forgiving student loan debt will help stimulate the economy and provide much needed relief to those struggling to pay off their loans.

The resolution is currently under review and it is unclear when or if it will be passed. In the meantime, President Biden’s executive action remains in effect, providing relief to those with federal student loan debt.