Biden Vetoes Bill Repealing Plan To Forgive Student Debt

President Biden vetoed legislation passed by Congress seeking to repeal his program offering student loan forgiveness of up to $20,000 per borrower.
The veto means Biden's plan remains alive for now, though it still faces legal challenges before the Supreme Court.
Biden criticized lawmakers who voted to repeal the program, arguing they sought to deny relief to millions of Americans in need.
If implemented, Biden's plan is expected to cost $400 billion over the next four decades in lost loan repayments to the federal government.
Advocates are urging Biden to develop a back-up plan for student loan forgiveness in case the Supreme Court strikes down the current program.