President Joe Biden is expected to criticize Republicans in Congress who have challenged or otherwise rejected his student loan forgiveness plan during remarks he will make at Delaware State University on Friday.
Biden unveiled his student loan forgiveness plan in August that is expected to provide relief for 43 million borrowers, forgiving up to $10,000 for borrowers making under $125,000 annually and $20,000 for Pell Grant recipients. The plan has been met with staunch opposition from Republicans who say the program will cost taxpayers while doing little to address education affordability.
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“He will … call out Republican members of Congress attacking his efforts to give middle-class families some additional breathing room even as these very officials had hundreds of thousands of dollars of their own pandemic relief loans forgiven by the federal government,” a White House official told the Hill.
The president is expected to give an update on the student loan forgiveness plan during his remarks after applications for the program opened on Monday. By Tuesday, more than 12 million had already applied for eligibility.
The plan has been met with a number of lawsuits challenging the parameters of the program, which is expected to cost roughly $400 billion, according to the nonpartisan Congressional Budget Office. Other budget models have predicted the program will cost nearly $1 trillion.
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However, Supreme Court Justice Amy Coney Barrett on Thursday rejected a challenge to the debt relief program after a group of Wisconsin taxpayers argued he overstepped his authority on the measure. The lawsuit’s denial indicates that the challengers lacked the ability to show they suffered direct injury.
“The president will highlight the life-changing impact student debt relief will have on millions of working and middle-class Americans, particularly borrowers of color,” the official said.
