President Joe Biden vetoed a Republican-led bill to overturn his student loan relief plan that proposed having tax-payers foot the bill for up to $20,000 of debt for millions of student borrowers.
“Since Day One, my administration has been fighting to make college cheaper and the student loan system more manageable for borrowers,” Biden said in a video message posted to Twitter. “I remain committed to continuing to make college affordable and providing this critical relief to borrowers as they work to recover from a once-in-a-century pandemic.”
The administration unveiled the proposal in August after running on the policy in Biden’s presidential campaign. It would affect 40 million borrowers by offering $10,000 in student loan forgiveness for those making less than $125,000 per year and $20,000 in forgiveness for low family income Pell Grants recipients….