Republican Congressman To Introduce Bill Preventing Presidents From Cancelling Student Loans

President Biden, on his way out the door, is approving billions of dollars in additional student debt cancellation.

AP/Evan Vucci
President Biden speaks about student loan debt at Madison College in Wisonsin. AP/Evan Vucci

A Republican congressman plans to introduce a bill that would bar future presidents from cancelling student loan debt, as President Biden has been doing for the last two years. In total, the 46th president has canceled more than $175 billion in loans for nearly five million people. Just before Christmas, he approved nearly $5 billion more in loan cancellations. 

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