By Newsmax Staff
Joe Biden’s student loan agenda would be all but obliterated by the U.S. debt legislation passed by House Republicans, dooming his mass cancellations, scrapping a more generous loan repayment option, and permanently barring future regulation around student debt.
Republicans see it as a victory for taxpayers, even as Dems insist it’ll hurt the economy and block college students who need financial aid.
The GOP bill would cancel both of Biden’s marquee student debt proposals: a one-time cancellation of up to $20,000 for more than 40 million Americans, and an updated loan repayment plan that could slash monthly payments for millions.
