President Joe Biden has vowed to veto the bill to protect one of his campaign promises and the Supreme Court is expected to rule this month on a challenge to the debt-forgiveness plan.
Arizona Sen. Kyrsten Sinema joined two Democrats and all Senate Republicans Thursday to narrowly approve a bill overturning a federal program that would provide student debt relief to 16 million people, including more than 300,000 in Arizona.Biden has said the plan benefits the middle class, since 90% of relief would go to people earning less than $75,000 a year. But Sinema joined other critics who said it penalizes those who were responsible with their debt and paid off their loans.
The measure passed the House last week 218-203, with just two Democratic votes. Arizona House members split on party lines on the vote.The program, announced by the Department of Education in August, would provide limited federal student debt relief for borrowers with an annual income below $125,000. Pell Grant recipients in that income category are eligible for up to $20,000 of debt forgiven while those who did not receive Pell Grants could get up to $10,000 in relief.
In Arizona, more than 900,000 people owe a combined $32.4 billion in federal student loans, the department said. Nearly 500,000 of them applied for debt relief and 300,000 were approved before the program was put on hold by legal challenges last fall. “The student debt payment pause has been a huge relief for students and for graduates of the last two years. And especially with the huge increase in the cost of housing and food that we’ve seen,” Nitschke said. “It’d be irresponsible to put these payments back. It’d be an undue burden on folks.”
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