While Biden has promised to veto the bill, the vote in the Senate, in which two Democrats and an independent sided with Republicans, shows the divisiveness of the student loan policy and the difficulty of getting any future plan through Congress.
The Senate on Thursday approved a Republican-led resolution to strike down President Biden's plan to forgive more than $400 billion in student loans.
Subscribe to The Post Most newsletter for the most important and interesting stories from The Washington Post. "There are already more than 50 existing student loan repayment and forgiveness programs aimed at attracting individuals to vital service jobs," Manchin said in a statement Wednesday after advancing the measure to the floor. "This Biden proposal undermines these programs and forces hard-working taxpayers who already paid off their loans or did not go to college to shoulder the cost.
Unveiled in August, Biden's loan forgiveness plan would eliminate up to $10,000 of federal student debt for borrowers earning up to $125,000 annually, or up to $250,000 for married couples. Recipients of Pell Grants, a form of financial aid for low- and middle-income students, are eligible for an additional $10,000 in forgiveness.The program has faced many legal challenges and the Supreme Court is set to issue a ruling on its legality before the end of June.
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