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Sunday, September 29, 2024

Rep. Mann Pushes Back on Student Loan Debt Cancellation

Kstracymann

Congressman Tracey Mann | Congressman Tracey Mann Official Website

Congressman Tracey Mann | Congressman Tracey Mann Official Website

WASHINGTON, D.C. — U.S. Representative Tracey Mann (KS-01) voted to send a clear message to President Biden, pushing back on his veto of H.J. Res. 45, which sought to prohibit President Biden from canceling more than $400 billion in student loan debt over the next decade.  

“President Biden’s approval rating with young Americans is at 36%, and his efforts to cancel mass student debt is nothing more than a political ploy,” said Rep. Mann. “We need a well-developed and long-term solution that will address the high cost of education in America. With our national debt eclipsing $32 trillion just a few days ago, and President Biden deficit-spending about $1 trillion every year, now is not the time to erase debt that student borrowers knowingly took on. Student loan debt cancellation punishes taxpayers who either didn’t go to college or who found ways to pay for their education rather than taking on debt. President Biden’s veto, and his refusal to listen to elected representatives in Congress, shows just how far his Administration is willing to go in using hard-earned taxpayer dollars for political gain.” 

In August 2022, the Biden Administration proposed a three-part student debt relief plan, which included up to $20,000 of debt cancellation to Pell Grant recipients and up to $10,000 in debt cancellation to non-Pell Grant recipients.   

In September 2022, Kansas joined five other states (Missouri, Arkansas, Nebraska, South Carolina, and Iowa) in a lawsuit aimed at blocking the Biden Administration’s student loan forgiveness plan. There is ongoing legal debate concerning whether President Biden has the authority to forgive student loans without an act of Congress. 

H.J. Res. 45, which passed in the U.S. House of Representatives on May 24, 2023, invoked a legislative process established by the Congressional Review Act to repeal President Biden’s rule on student loan debt cancelation and prohibit the Department of Education from issuing similar rules in the future.  

President Biden vetoed H.J. Res. 45 on June 7, 2023.  

Click Here to read more about H.J. Res. 45.

Original source can be found here.        

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