Republican efforts to block the Biden administration’s relentless drive for student loan forgiveness are back on Congress’s table.
On Wednesday, Virginia Republican Congressman Bob Good reintroduced his bill entitled the Federal Student Loan Integrity Act.
Under it, the U.S. Department of Education would be barred from using legislation known as the HEROES Act to extend the moratorium on the repayment of student loans originally set under the coronavirus emergency declaration.
“Student loan cancellation doesn’t make the debt go away—rather, it shifts the costs from student loan borrowers to American taxpayers,” said Good in a statement announcing the reintroduction of an anti-student loan forgiveness legislation.
According to Good, President Joe Biden’s current cancellation plan would cost taxpayers roughly $500 billion. The plan forgives up to $20,000 in student loan debt to taxpayers earning less than $125,000.
The controversy was a divisive subject during midterm elections and has evolved into a constitutional issue with Biden’s partial student loan forgiveness plan now under review in the Supreme Court, where two separate cases challenge its constitutionality and the Biden’s administration authority to even implement such a plan.
The Supreme Court is expected to hear oral arguments on the issue on Feb. 28, with a projected decision by June.
