GOP senators introduced a resolution this week to block the Biden administration's new student loan repayment plan, known as SAVE.
and that Biden's student loan forgiveness plan was necessary to avoid a historic rise in delinquencies and defaults.
After the Supreme Court stuck down the debt cancellation policy in June, Biden rolled out a number of other relief measures for borrowers, including the SAVE plan. The Congressional Review Act allows Congress to block new regulations with a joint resolution from the House and Senate. However, the president can veto the resolution.
As a result, "this attempt to block the SAVE plan will not be successful," said higher education expert Mark Kantrowitz.
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