TBA Law Blog


Posted by: Julia Wilburn on Nov 17, 2023

U.S. Senate Republicans on Wednesday did not get enough votes to block a new Biden administration rule on an income-driven repayment plan for federal student loans. The resolution failed 49-50. The Tennessee Lookout reports that the resolution was introduced by Sen. Bill Cassidy, R-Louisiana, who argued the plan does not “forgive debt. It transfers the burden of $559 billion in federal student loans to the 87% of Americans who don’t have student loans, who chose not to go to college or already responsibly paid off their debts." The White House disagreed, saying in a statement, “This legislation would mean higher payments for student loan borrowers and would dramatically raise costs for graduates.”