The Epoch Times by Bill Pan
As President Joe Biden signals more actions toward federal student loan debt cancellation, a group of Republican Senators is pushing legislation aimed at preventing him from doing so.
The yet-to-be-numbered bill is sponsored by Senate Minority Whip John Thune (R-S.D.), alongside Sens. Richard Burr (R-N.C.), Mike Braun (R-Ind.), Bill Cassidy (R-La.), and Roger Marshall (R-Kan.). If the legislation is passed as itâs currently outlined, the president or the education secretary wonât be able to cancel outstanding federal student loan balances without the approval of Congress.
It also states that the education secretary can pause interest and payments for federally held student loans for 90 days after a declaration of national emergency, but canât extend that pause consecutively. And there must be an income cap so that borrowers with income of more than 400 percent of the federal poverty line wonât be covered…
