


Senate Republicans are pushing legislation that would end the pause on federal student loan payments less than two weeks before the Supreme Court hears oral arguments in a case challenging the Biden administration 's loan forgiveness plan.
Sens. Bill Cassidy (R-LA) and John Thune (R-SD) introduced the Stop Reckless Student Loan Actions Act, which would forcibly end the federal pause on student loan payments that has been in place since the onset of the COVID-19 pandemic in March 2020, on Thursday.
“President Biden is unfairly transferring the burden from those who willingly took on loans to those who did not,” said Cassidy, the ranking member of the Senate Health, Education, Labor, and Pensions Committee. “There is no support for the man who didn’t go to college but is paying off a work truck or the woman who responsibly paid off her student loans but is struggling with her mortgage. This legislation stops Biden from sticking them with the bill for hundreds of billions of dollars.”
Thune and Cassidy's bill is also co-sponsored by Sens. John Barrasso (R-WY), Katie Britt (R-AL), Kevin Cramer (R-ND), Joni Ernst (R-IA), Chuck Grassley (R-IA), Roger Marshall (R-KS), Rick Scott (R-FL), and Tim Scott (R-SC).
The bill was introduced in the 117th Congress as President Joe Biden repeatedly extended the pause on federal student loan payments that began in the last year of the Trump administration. In August, the president announced a plan to forgive up to $20,000 in student loans for all borrowers who make less than $125,000 and directed the pause to end on Dec. 31 of last year.
But as legal challenges held up the loan forgiveness plan, Biden again extended the pause until after June 30, coinciding with the resumption of payments with the end of the Supreme Court term. The high court is scheduled to hear oral arguments in the case challenging the legality of the loan forgiveness plan on Feb. 28.
CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER“Taxpayers, especially working families, should not be responsible for bearing the costs associated with President Biden’s federal student loan suspension,” Thune said. “It’s incredibly unfair to those who never incurred student debt because they didn’t attend college in the first place or because they either worked their way through school or their family pinched pennies and planned for higher education. It’s time for borrowers to resume repayment of their student loans, and I’m proud to lead this common-sense legislation that would protect taxpayers and prevent President Biden from suspending these loans in perpetuity.”
The Washington Examiner reached out to the White House and Senate HELP Committee Chairman Bernie Sanders (I-VT) for comment.