Republicans Vote to Deny Relief for 43 Million Student Loan Borrowers
Committee Republicans voted to deny student loan relief for more than 2 million of their own constituents.
WASHINGTON – Today, Committee Republicans advanced H.J.Res. 45, which would deny student debt relief for 43 million student loan borrowers debt relief, including more than two million of their own constituents. The resolution could also create chaos for student loan borrowers by potentially forcing them to repay the last four months’ worth of student loan payments. This would trigger a wave of delinquencies and defaults for our most vulnerable borrowers.
“Instead of addressing the many challenges in higher education that demand our attention, we have decided to take time with a proposal that already passed last month as part of the debt ceiling legislation. Let’s be clear: this resolution to eliminate student debt relief would hurt millions of student borrowers and their families. Importantly, the people who would be impacted the most by this resolution are not the ‘wealthy and well-connected.’ Under the President’s plan, 90 percent of the relief would go to borrowers earning less than $75,000 a year,” said Ranking Member Bobby Scott (VA-03).
“The bottom line is that we have a responsibility to strengthen support for those seeking a college degree—not because everybody should be forced to get one—but, for those who want a college degree, they should have access to that opportunity. This proposal does nothing to enhance college education, so I strongly urge my colleagues to oppose it.”
H.J.Res. 45 passed on a party line vote (24-18).
To read Ranking Member Scott’s opening statement, click here.
To read more about how President Biden’s student debt plan would provide relief to those who need it most, click here.
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