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Jeremiah Poff, Education Reporter


NextImg:Repeal of Biden student loan plan clears hurdle in Senate with Manchin and Simena support


The Senate approved a procedural vote Wednesday to advance a Congressional Review Act resolution that would shut down President Joe Biden's plan to forgive up to $20,000 in federally held student loans for borrowers making less than $125,000.

The Senate approved a motion to proceed to a final vote on House Joint Resolution 45 on a 51-46 bipartisan vote. Sens. Joe Manchin (D-WV) and Kyrsten Sinema (I-AZ) joined with Republicans to advance the bill.

BIDEN WORKS TO PUSH DEBT CEILING DEAL OVER THE FINISH LINE

In a statement following his vote, Manchin said his support for the resolution was because "we simply cannot afford to add another $400 billion to the national debt."

"There are already more than 50 existing student loan repayment and forgiveness programs aimed at attracting individuals to vital service jobs, such as teachers, health care workers, and public servants," Manchin said. "This Biden proposal undermines these programs and forces hard-working taxpayers who already paid off their loans or did not go to college to shoulder the cost. Instead, we should be focusing on bipartisan student debt reforms that reduce the cost of higher education and help all Americans.”

The bill now faces a final passage vote on Thursday. If passed, it will head to Biden's desk, with the president promising to veto it.

Republicans had attempted to include a repeal of the cancellation effort in negotiations to raise the debt ceiling, but a deal struck last week by House Speaker Kevin McCarthy (R-CA) and Biden keeps the plan intact. However, the deal does require the administration to restart loan payments within 60 days of the bill's passage.

CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER

In a floor speech before the procedural vote, Senate Health, Education, Labor, and Pensions Committee ranking member Bill Cassidy (R-LA) blasted the president's plan as unfair.

"These policies are as unfair as they are irresponsible," Cassidy said. "Where is the forgiveness for the guy who didn’t go to college but is working to pay off the loan on the truck he takes to work? What about the woman who paid off her student loans but is now struggling to afford her mortgage? Is the administration providing them relief? Of course not. Instead, the administration would have them pay not only their bills but the bills of those who decided to go to college in order to make more money."