Sen­ate rejects bid to repeal Biden’s income-dri­ven stu­dent loan repay­ment rule

The Demo­c­ra­t­ic-con­trolled Sen­ate reject­ed a res­o­lu­tion Wednes­day that sought to over­turn the Biden admin­is­tra­tion’s reg­u­la­tion on income-dri­ven repay­ment for stu­dent loans.
The upper cham­ber shot down the Con­gres­sion­al Review Act res­o­lu­tion on a near par­ty-line 50–49 vote, with cen­trist Sen. Joe Manchin (D‑WV) join­ing with Repub­li­cans to sup­port the mea­sure. Sen. Tim Scott (R‑SC) did not cast a vote.
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The res­o­lu­tion would have over­turned the Depart­ment of Edu­ca­tion’s Income Dri­ven Repay­ment reg­u­la­tion, which allows stu­dent loan bor­row­ers to make pay­ments based on their income above the pover­ty line. The reg­u­la­tion also allows the loans to be for­giv­en after 10 years of con­tin­u­ous pay­ments.
The res­o­lu­tion was spon­sored by Sen. Bill Cas­sidy (R‑LA), who told the Wash­ing­ton Exam­in­er in an inter­view that the reg­u­la­tion was fun­da­men­tal­ly unfair.
“This is eras­ing the white­board and you don’t have to pay. Some­one else is going to pay it for you,” Cas­sidy said after cast­ing his vote for the res­o­lu­tion. “I think that’s fun­da­men­tal­ly unfair in a democ­ra­cy. If the idea of a democ­ra­cy is every­one is treat­ed the same, …