Dear America: Stop Biden’s Student Loan Forgiveness Scam
July 22, 2022
Today, House Education and Labor Committee Republican Leader Virginia Foxx (R-NC) sent a letter to America asking the country to take a stand against the Biden administration’s reckless student loan agenda. Since taking office, President Biden has forgiven massive amounts of student loans through backdoors—ignoring the will of Congress and the best interests of taxpayers.
The letter details the Biden administration’s strategy to enact retroactive free college through loan forgiveness: from an expensive repayment pause and large expansions made to the Public Service Loan Forgiveness (PSLF) program to new regulations for student loan programs that could cost at least $85 billion. Foxx also points out how devastating blanket student loan forgiveness plans could be for taxpayers and the economy.
