Advocacy group calls on President Biden to veto measure, protect borrowers
An advocacy group that focuses on the interests of student loan borrowers is lamenting Congressional approval of a measure that effectively rolls back President Biden's student loan debt relief action.
The Student Borrower Protection Center (SBPC) is calling on Biden to veto the resolution it says puts debt relief for millions of Americans with student loans in jeopardy.
“45 million people with student loan debt will never forget when politicians, led by Republican extremists, went out of their way to push millions of working families, including their own constituents, into economic catastrophe by passing this reckless CRA resolution," said Mike Pierce, executive director of the SBPC.
Pierce then called on President Biden to veto the measure so that current debt relief measures will remain in place.
“Today’s vote makes crystal clear exactly who stood up and fought to protect the economic livelihoods of millions of people with student loan debt—and who schemed to keep them drowning in the debt despair of our nation’s student loan crisis. The American people are watching and expect President Biden to keep his promise to veto this horrendous bill and deliver on his promise of student loan debt relief once and for all.”
The U.S. Supreme Court is slated to take up the issue of Biden's student loan debt relief plan later this month. SBPC notes that this Congressional action would render any Supreme Court action moot unless Biden uses his veto power to nullify the measure.
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