Senate Republicans fail to stop Biden's new student loan income-driven repayment plan
Share and Follow


Senate Republicans failed in their efforts to pass a resolution to overturn President Biden’s new student loans income-driven repayment (IDR) plan.

In a 49-50 vote, all Republicans and Democratic Sen. Joe Manchin (W.Va.) voted in support of a Congressional Review Act (CRA) resolution that would have halted the Saving on Valuable Education (SAVE) IDR plan, which went into effect this fall.

The CRA makes it so only 50 votes would have been needed to pass the resolution instead of the 60 that is typically needed to beat a filibuster.

“This is irresponsible. This is deeply unfair,” Sen. Bill Cassidy (R-La.), ranking member of the Senate Health, Education, Labor and Pensions (HELP) Committee, said of Biden’s plan before the vote. 

The SAVE plan is being implemented in two parts. This fall, borrowers are seeing a rise in income exemption for student loan payments from 150 percent to 225 percent above the federal poverty guidelines. Borrowers will also not see their unpaid interest grow. 

Next year, borrowers will receive other benefits such as monthly payments getting cut from 10 percent of discretionary income to 5 percent. 

Republicans highlighted in their efforts to overturn the plan that it will cost taxpayers $559 billion, saying individuals who never went to school or already paid off their student loans would wind up paying for others. 

Previously, opponents in both the Senate and House were able to pass a CRA measure against Biden’s broader student debt relief program before the plan was struck down by the Supreme Court over the summer, but that resolution was ultimately vetoed by the president. 

Democratic Sens. Manchin and Jon Tester (Mont.) and Independent Sen. Kyrsten Sinema (Ariz.) all voted in support of the resolution to stop the student debt relief plan back in June.

Share and Follow
You May Also Like
Mayor Adams and FDNY slapped with suit for moving 82 fire cadets into EMT roles

Lawsuit Filed Against Mayor Adams and FDNY for Reassigning 82 Fire Cadets as EMTs

The largest municipal union in New York City is strongly criticizing city…
Husband of Suzanne Morphew indicted on murder charge 5 years after she vanished on Mother's Day

Suzanne Morphew’s husband indicted on murder charge 5 years after her disappearance on Mother’s Day

The 12th Judicial District Attorney’s Office is planning a press conference for…

Gardeners detained by ICE while landscaping outside residence: Report

ONTARIO, Calif. (KTLA) – Neighbors are concerned after a Southern California man…
What comes next for Karen Read as she's cleared of murder

Karen is cleared of murder charges – What happens now?

Karen Read will not be imprisoned for the killing of her partner,…
'Frozen: The Hit Broadway Musical' is now streaming on Disney+, bringing Arendelle's magic to your living room

“Frozen: The Popular Broadway Show is Available on Disney+ for You to Enjoy at Home”

LOS ANGELES — The magic, music and spectacle of the hit movie…
Supreme Court sides with vaping industry in rejecting FDA venue challenge

Supreme Court supports vaping industry in refusing FDA’s venue challenge

The Supreme Court sided with the vaping industry on Friday by rejecting…
David Hogg pledged to unleash $20M on safe blue Dems — but only has paltry $1.5M on hand

David Hogg Vows $20M Support for Democratic Candidates, Currently Holds $1.5M

David Hogg has yet to bring home the bacon. Two months ago,…
Dr. Oz welcomes move by states to reduce migrant health coverage

States’ Efforts to Reduce Health Coverage for Migrants Applauded by Dr. Oz

() Dr. Mehmet Oz, the celebrity doctor who oversees Medicaid and Medicare for…