Joe Biden in Trump Research Book

On Education: College loan forgiveness up to $20,000 per student

In June 2023, Senator JD Vance voted for a Joint Resolution that would "provide for congressional disapproval of an October 2022 Education Department rule that allows for loan forgiveness of up to $10,000 in loan debt for federal student loan borrowers and another $10,000 for such borrowers who also received a Pell Grant. The rule limits eligibility for such loan forgiveness to borrowers with a maximum adjusted gross income of $125,000, or $250,000 for joint filers. The rule also extended, through the end of 2022, the suspension of student loan payments, the cessation of interest accrual and the suspension of involuntary loan collections." The vote was on passage. The Senate passed the resolution by a vote of 52 to 46, thus the resolution was sent to the President. President Biden vetoed the resolution and the House failed to override the veto. However, the Supreme Court struck down the rule. [Senate Vote 135, 6/1/23; Congressional Quarterly, 6/1/23; Congressional Actions, H.J. Res. 45] Source: 2024 Trump Research Book Aug 2, 2024

The above quotations are from American Bridge / 21st Century / Trump Research Book. Click here for other excerpts from American Bridge / 21st Century / Trump Research Book. Click here for other excerpts by Joe Biden. Click here for a profile of Joe Biden.
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Page last updated: Aug 06, 2024