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Congress Debates Ending Biden's Student Loan Forgiveness Program

  • The House of Representatives votes to repeal President Biden's student loan forgiveness program, though the plan faces obstacles in the Senate and promised veto from Biden.
  • Biden's plan would cancel up to $20,000 in federal student loans for 43 million Americans.
  • Republicans argue the plan is too costly, while Biden says it provides necessary relief to Americans burdened with student debt.
  • The plan is on hold pending a Supreme Court ruling, expected in June or July, on legal challenges to the program.
  • Beyond loan forgiveness, Biden has made other changes to the student loan system, like expanding eligibility for Public Service Loan Forgiveness.
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