Republicans Slam Biden On Student Loan Forgiveness
Here’s what you need to know —
and what it means for your student loans.
Republicans aren’t too happy with Biden’s latest actions to cancel student loans. For example:
– Biden canceled $5.8 billion of student loans earlier this week;
– He has now canceled $25 billion of student loans for 1.3 million student loan borrowers; and
This includes student loan forgiveness through borrower defense to repayment ($7.9 billion),
public service loan forgiveness ($7.3 billion) and total and permanent disability ($8.5 billion).
Multiple Republicans have criticized Biden’s unilateral actions in recent weeks.
Specifically, they have objected to the over-reach of executive power
the significant cost to the American people, and the failure to address the underlying problems of higher education.