There is an effort in Congress to overturn President Biden's Student Debt Relief plan, which would forgive $10,000 of student debt for anyone that has federal student debt. That amount increases to $20,000 if the student received a Pell Grant.
Under the Congressional Review Act, Congress can retroactively overturn the pause of federal student loan payments and interest accrual, and President Biden’s debt relief plan. LeadMN joined 260 other organizations across the country in urging Congress to not reverse the President's Student Debt Relief plan.
"The American people, the law, and the economic instability of the present moment all emphasize the
necessity of debt cancellation and the continuation of the payment pause until cancellation is realized.
Policymakers now seeking to reverse such critical relief through the CRA are ignoring the economic
needs of their own constituents and threatening our nation’s financial security."