The measure was pushed by Republicans, but picked up a handful of Democratic votes in the Senate also.
“It is a disgrace to working families across the country that lawmakers continue to pursue this unprecedented attempt to deny critical relief to millions of their constituents,” Biden said. in the current situation when declaring the right of veto.
Despite the veto, Biden’s plan remains unsafe. The US Supreme Court, which is dominated by a conservative majority, is Legal appeal review that can cancel the program. A decision is expected this summer.
If enacted, Biden’s plan would forgive up to $20,000 in federal student loans for borrowers who make less than $125,000 a year.
Student loan payments were paused at the start of the COVID-19 pandemic. but, They will appeal In August, whose debts were not canceled by the Biden plan.