{"id":2022242,"date":"2023-09-05T14:04:02","date_gmt":"2023-09-05T18:04:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/17-gop-senators-move-to-stop-bidens-latest-college-loan-bailout\/"},"modified":"2023-09-05T14:08:05","modified_gmt":"2023-09-05T18:08:05","slug":"17-gop-senators-move-to-stop-bidens-latest-college-loan-bailout","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/17-gop-senators-move-to-stop-bidens-latest-college-loan-bailout\/","title":{"rendered":"17 Republican Senators Seek to Halt Biden&#8217;s New College Loan Rescue"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2F17-gop-senators-move-to-stop-bidens-latest-college-loan-bailout%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2022242&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div data-post-content=\"true\" class=\"post_content\" id=\"post_content\">\n<h2>Senate Republicans Oppose Biden&#8217;s College Loan Bailout Plan<\/h2>\n<p>Sen. \u2064Bill Cassidy \u200d(R-La.), the ranking member of the Health, Education, Labor, and \u200dPensions (HELP) Committee, and 16 of\u200c his Senate Republican colleagues are backing a resolution under the Congressional \u200dReview Act (CRA) to disapprove\u200d of President Joe \u2063Biden&#8217;s proposed Income-Driven Repayment (IDR) \u200dcollege loan bailout plan.<\/p>\n<blockquote>\n<p>\u201cOnce again, Biden\u2019s newest student loan scheme only\u00a0shifts the burden from those who chose to take out loans to those who decided not to go \u2064to\u200b college, paid their\u200b way, or already responsibly paid \u2063off their loans,\u201d Mr. Cassidy said in a \u200cstatement.\u00a0\u201cOur\u200b resolution protects\u200b the 87\u200d percent of Americans\u2064 who don\u2019t have student debt and will be forced to shoulder the burden of the President\u2019s irresponsible \u2064and unfair policy.\u201d<\/p>\n<\/blockquote>\n<p>The\u200b Cassidy CRA (<a href=\"https:\/\/www.help.senate.gov\/imo\/media\/doc\/idr_cra_text.pdf\" target=\"_blank\" rel=\"noopener\">pdf<\/a>)\u00a0mirrors an identical measure introduced in the\u2063 House of Representatives by Rep.\u200b Lisa McClain (R-Mich.). Joining Mr. Cassidy in co-sponsoring\u2063 the Senate CRA are Senate Minority Whip \u200cJohn Thune of South Dakota, as \u2062well as Sens. \u200cJohn Cornyn of Texas,\u00a0John Barrasso and \u200dCynthia Lummis of Wyoming, Mike Braun of Indiana, Mike Crapo\u200c and\u00a0James \u200cRisch of Idaho, Steve Daines of Montana, Joni Ernst \u200band\u2062 Chuck Grassley of Iowa, Cindy Hyde-Smith of Mississippi,\u2062 Ron Johnson of Wisconsin, James Lankford\u2064 of Oklahoma, Roger Marshall of Kansas, Tim Scott of South Carolina, and Thom Tillis of North \u2064Carolina.<\/p>\n<div class=\"shortcode\">\n<div class=\"border-comp-divider mb-4 mr-4 w-full max-w-[500px] border px-5 py-4 text-[16px] leading-[20px] text-[#262626] md:float-left\">\n<div class=\"mb-3 font-sans text-[16px] font-semibold uppercase leading-[19px] text-[#2F2F2F]\">Related Stories<\/div>\n<ul>\n<li>\n<div class=\"grow\">\n<div class=\"mb-1 line-clamp-2\"><a href=\"http:\/\/www.theepochtimes.com\/us\/biden-cancels-72-million-in-loans-for-2300-student-borrowers-5484112\">Biden Cancels $72 Million in Loans for 2,300 Student Borrowers<\/a><\/div>\n<div class=\"text-comp-caption text-[14px] leading-[18px]\">8\/31\/2023<\/div>\n<\/p><\/div>\n<\/li>\n<li>\n<div class=\"grow\">\n<div class=\"mb-1 line-clamp-2\"><a href=\"http:\/\/www.theepochtimes.com\/us\/federal-appeals-court-reinstates-trump-era-ban-on-student-loan-collection-fees-5483309\">Federal\u2063 Appeals Court Reinstates \u2063Trump-Era Ban\u200c on Student Loan Collection \u200cFees<\/a><\/div>\n<div class=\"text-comp-caption text-[14px] leading-[18px]\">8\/30\/2023<\/div>\n<\/p><\/div>\n<\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<p>Secretary of Education Miguel Cardona unveiled President Biden&#8217;s second attempt\u2014named the\u200d Saving a\u200c Valuable Education (SAVE) Act\u2014to provide forgiveness for an estimated $559 billion in government-subsidized \u200bloans \u2062taken out by millions of present \u200cand former \u200bundergraduate and graduate students.<\/p>\n<div style=\"margin-left:0;margin-right:0;max-width:1200px\">\n<figure style=\"width:640px;margin-left:auto;margin-right:auto\" class=\"alignnone\"><figcaption>President Joe Biden speaks on a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/17-gop-senators-move-to-stop-bidens-latest-college-loan-bailout\/\" title=\"17 Republican Senators Seek to Halt Biden's New College Loan Rescue\">previous student\u2063 debt relief scheme<\/a> as Education Secretary Miguel Cardona looks on in Washington on Oct. 17, 2022. (Alex Wong\/Getty \u2064Images)<\/figcaption><\/figure>\n<\/p><\/div>\n<h2>Previous Defeat in Supreme Court<\/h2>\n<p>The SAVE proposal followed a 6\u20133 Supreme Court decision \u200don June 30 that held Biden&#8217;s first \u2062college loan forgiveness proposal to be an <a href=\"https:\/\/www.theepochtimes.com\/us\/supreme-court-strikes-down-biden-student-loan-forgiveness-program-5364291\" target=\"_blank\" rel=\"noopener\">unconstitutional unilateral exercise<\/a> of presidential \u200bauthority. That proposal would have forgiven more than $400 billion in unpaid loans, according to the Congressional Research Service, but a Wharton School analysis said the cost could go beyond $1 trillion.<\/p>\n<p>Mr. Cassidy and other \u200cRepublicans in both the Senate and the House had introduced similar resolutions prior to the Supreme Court decision and aimed at the first Biden proposal. Simple majorities in both the Senate and the House must vote\u200b for \u2064the CRA resolution to stop a proposed \u200dexecutive branch rule like the SAVE Act.<\/p>\n<p>In announcing the second Biden \u2064proposal, Mr. Cardona said\u00a0&#8220;starting today, millions of borrowers can reduce their monthly student loan bills by enrolling in the SAVE plan, the most <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-hatches-backdoor-student-loan-forgiveness-plan-to-bypass-scotus-ruling\/\" title=\"Biden devises secret student loan forgiveness plan to sidestep SCOTUS decision.\">affordable\u202frepayment plan<\/a> in history. The SAVE plan is \u2064another\u200b <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/japan-court-ban-on-same-sex-marriage-is-unconstitutional\/\" title=\"Japan Court: Ban On Same-Sex Marriage Is \u2018Unconstitutional\u2019\">huge step forward<\/a> in President Biden&#8217;s tireless efforts to fix\u2063 the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/teachers-unions-aclu-want-biden-to-extend-student-loan-repayment-pause-cancel-student-debt\/\" title=\"Teachers Unions, ACLU Want Biden To Extend Student Loan Repayment Pause, Cancel Student Debt\">broken student loan system<\/a>, reduce the burden\u200d of student\u2064 debt on working families, and put borrowers first.&#8221;<\/p>\n<p>Mr. Cardona added that the SAVE \u2064approach \u200d&#8221;isn&#8217;t just about helping borrowers today, it&#8217;s about creating a more affordable pathway for millions of aspiring students who \u2062dream of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/from-poverty-to-politics-missouri-moms-memoir-adds-working-class-perspective-to-trump-era-gop\/\" title=\"From Poverty To Politics, Missouri Mom\u2019s Memoir Adds Working-Class Perspective To Trump-Era GOP\">earning college degrees<\/a> and\u2063 achieving the American dream. That&#8217;s exactly\u200c what\u200d the Biden-Harris Administration has \u200cfought to do since day \u2062one.&#8221;<\/p>\n<p>But congressional Republicans view\u200c the Biden proposal as\u00a0\u201cincredibly\u200d unfair&#8221; to individuals\u200b who \u200ceither didn&#8217;t go to college or those who did \u2062attend but saved enough money to avoid having to \u200dtake out loans, as well as those who already repaid their loans,\u200b according to Mr. Thune.<\/p>\n<p>Mr. Cornyn said\u200b the CRA\u2064 resolution &#8220;would stop th<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Sen. Bill Cassidy (R-La.) and 16 Senate Republicans support a resolution, using the Congressional Review Act, to reject President Biden&#8217;s Income-Driven Repayment (IDR) college loan bailout plan. They argue that Biden&#8217;s proposal merely transfers the burden of student loans without addressing the underlying issues.<\/p>\n","protected":false},"author":173,"featured_media":2022243,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[],"class_list":["post-2022242","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2022242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/173"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2022242"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2022242\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2022243"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2022242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2022242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2022242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}