The latest move by the Biden Administration aims to erase the student loan debt of around 18,800 Missourians, totaling nearly $957 million.
The action comes after last month’s U.S. Supreme Court decision that struck down Biden’s executive order to forgive $244 billion in student loan debt for 43 million Americans. This scaled back version would eliminate $39 billion of student loan debt for 804,000 Americans.
U.S. Senator Eric Schmitt, R-Missouri, is strongly opposed to the action and is demanding answers from Education Secretary Miguel Cardona.
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