President Joe Biden has vetoed a measure aimed at overturning his student debt relief plan, putting the fate of the program in the hands of the Supreme Court. The president’s proposal, which has faced Republican opposition since its introduction, would provide up to $20,000 in relief for working and middle-class Americans, benefiting 40 million borrowers.
In a tweet, the White House reaffirmed the president’s commitment to assisting hardworking individuals, saying he “won’t back down in the fight to help working and middle-class Americans as they recover from the pandemic.”
Opponents of the plan lack the necessary two-thirds majority in both the House and Senate to override the presidential veto.
Under the plan, individuals earning less than $125,000 annually will receive $10,000 in loan forgiveness, while Pell Grant recipients would qualify for $20,000 in forgiveness.