Live updates: Biden announces plan to clear student debt

Reactions continue to pile up after President Biden announced his plan to clear student debt for some borrowers, with some lawmakers praising the plan and others opposing it.

Here’s what Democrats and Republicans are saying:

Senate Majority Leader Chuck Schumer and Democratic Senator Elizabeth Warren

In an interview with CNN after the announcement, Warren said it was “a great day.”

“My response is this is a great day, and today is the day the President will announce that approximately 20 million Americans will never have to make student loan payments again. Another 23 million Americans will get substantial relief for their student loans. Listen, will I keep fighting for more? Of course I will,” said the Democrat from Massachusetts.

Regarding college affordability, she said, “This is the first step: we deal with the debt, we settle the future payments and now it’s going to be presented. Congress to make sure we do more to hold colleges and universities accountable. ”

Senate Minority Leader Mitch McConnell

In a statement, the Kentucky Republican said that Biden’s “The policy is amazingly unfair.”

“President Biden’s student loan socialism is a slap in the face to every family that has sacrificed for college, every graduate to pay off debt, and every American who has chosen a career path best. or volunteer to serve in our Armed Forces to avoid debt burden,” he said.

House Speaker Nancy Pelosi

On Twitter, the California Democrat said Biden’s move was “bold” and “a powerful step forward in the Democrats’ fight to expand access to higher education.”

“By providing historic targeted student loan relief to millions of borrowers, more working families will be able to meet kitchen table needs as they recover from the pandemic,” she continued.

Senator Bernie Sanders

Sanders called Biden’s student loan relief plan “an important step forward in providing real financial help to the struggling middle class,” adding that more work remains to be done. again.

“But we have to do more than that. At a time of huge incomes and inequality between rich and poor, education, from preschool to graduate school, must be a fundamental right for everyone, not a privilege for the rich few,” said Senator. state of Vermont said.

“If the United States is to compete effectively in the global economy, we need the best educated workforce in the world, and that means making public colleges and universities a tuition-free as many other major countries are now doing – and that includes trade and minority schools – serving institutions. By 2022, in the wealthiest country on earth, everyone in America who wants a college education will be able to get that education without going into debt,” Sanders continued.

Democratic Senator Jeanne Shaheen

Republican Senator Chuck Grassley

Republican Senator Mitt Romney

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