Senator Mitt Romney (R-UT) and 130 other Republican lawmakers sent a letter to the Education Secretary.
The election year battle over student loan debt continues to escalate. The Biden administration last week announced its latest cancellation attempt as more than 120 Republican lawmakers urged the Department of Education to rescind its earlier attempts.
The latest proposal would cancel another $7.7 billion in loans for 160,000 borrowers. This relief would go to borrowers in three categories who hit certain milestones that make them eligible for cancellation:
- 54,000 borrowers who are enrolled in Biden's new income-driven repayment plan
- 39,000 enrolled in earlier income-driven plans; and
- About 67,000 who are eligible through the Public Service Loan Forgiveness program.
"From day one of my administration, I promised to fight to ensure higher education is a ticket to the middle class, not a barrier to opportunity," President Joe Biden said in a statement. "I will never stop working to cancel student debt, no matter how many times Republican-elected officials try to stop us."
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