The U.S. Senate on Thursday voted to overturn the Biden administration’s one-time student debt relief plan that is on hold due to a pending Supreme Court decision.
Student debt
In Michigan, about 566,000 applications from student loan borrowers were fully approved and their applications were sent to loan servicers for discharge prior to federal lawsuits and an injunction on providing the debt relief.
A federal appeals court on Friday temporarily blocked the Biden administration from carrying out its student debt forgiveness plan, until the court makes a determination on a request for an injunction brought by six Republican-led states, according to multiple media reports.
David Hecker writes, “Our lawmakers have the power to relieve this burden, make strides toward closing the racial wealth gap, and preserve higher education as an opportunity for all, rather than a privilege for those who can afford it. It is imperative that they act to cancel student debt — and beyond that, to look toward long-term solutions at the federal and state levels to make higher education more affordable and accessible for all.”