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On Tuesday, U.S. Senator John Cornyn (R-TX) introduced a joint resolution of disapproval under the Congressional Review Act with 16 of his Senate Republican colleagues to strike down President Biden’s reckless Income-Driven Repayment (IDR) rule, which will incentivize students to take on college loan debt, hurt Texas families, and cost taxpayers as much as $559 billion
Senator John Cornyn is working to consolidate the federal government's repayment options and block President Biden's debt forgiveness plan.
The heavy burden of debt is affecting Americans of all ages. But it's especially hurting young people just starting out.
Three House Republicans say their bill aims "to streamline and improve" student loan repayments and "to protect borrowers and taxpayers."
Senate Republicans have unveiled their plan to address America's student loan crisis, a package called the Lowering Education Costs and Debt Act.