Senate Rejects Bill to Overturn Biden's Student Loan Repayment Plan

The SAVE plan, benefiting millions of Americans, remains in effect despite GOP opposition.

Senate Republicans, joined by Democratic Sen. Joe Manchin, failed to pass a bill that would overturn President Biden's new SAVE income-driven repayment plan for student loans.
The bill, proposed by GOP Sen. Bill Cassidy, was defeated by a vote of 49-50.
The SAVE plan, already benefiting close to 5.5 million Americans, allows student loan borrowers to make affordable payments based on their income.
Despite the defeat, GOP lawmakers continue to argue that the plan is unfair to those who did not take out loans or have already paid off their student loans.
The Department of Education has reportedly cancelled $127 billion in student loans for some 3.6 million borrowers.