The GOP plan officially aims to block Biden’s upcoming program to cancel thousands of dollars in college debt, a program long sought by cash-strapped students that is also under review by the Supreme Court.
Biden announced in August his plan to eliminate $10,000 in loans for Americans earning less than $125,000 per year, and $20,000 for lower-income borrowers. Republicans quickly blasted the financial relief as unfair, claiming it was the wrongful use of taxpayer dollars — paid for, in part, by college dropouts — to ease the debts of Americans who doing The nonpartisan Congressional Budget Office, meanwhile, estimated the plan would cost the government about $400 billion, further stoking GOP concerns about the federal debt.
Meanwhile, the Supreme Court heard arguments in February in a case that would see the program thrown out regardless of what Congress does.
