Meanwhile, the White House Twitter account gained attention for popping back at Republican lawmakers criticizing loan forgiveness despite owning businesses that received 100%-forgiven Paycheck Protection Program loans last year. An email went out criticizing Eric Lynn, a Democrat running in Florida’s 13th Congressional District, as “fully on board with this scheme” while describing Annette Taddeo, a Democrat in Florida’s 27th Congressional District, as “awfully quiet on this scheme though.” The National Republican Congressional Committee sent out attacks on Democratic candidates for Congress, both for supporting Biden’s proposal and for staying silent about it. Quickly, forces also used the debt issue to deliver political shots.
It’s one more in a long list of attempts by the Biden administration to buy votes with ‘free stuff’ and pander to its supporters at the expense of American families.” In fact, this decision will only encourage those bad habits and make higher education increasingly unattainable for anyone outside of the wealthiest elites. “Furthermore, it does nothing to cut the overpriced costs of higher education or hold academic institutions accountable that often fail to prepare young people with even the most basic skills needed in the workforce. “This reckless and costly decision will continue to fuel the runaway inflation caused by excessive government spending.
“Joe Biden’s illegal student loan bailout will come at the expense of the vast majority of hardworking taxpayers who do not have student loan debt,” the Lakeland Republican said. Scott Franklin dismissed the move as a bailout for well-to-do Americans. About 3% of those borrowers owe more than $200,000.īut Rep. She cited Department of Education figures showing Florida serves as home to 2.6 million student borrowers with a combined $100.9 billion in debt, a solid chunk of the collective $1.7 trillion in student debt nationwide.
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His decision to cancel up to $20,000 in student debt is a testament to his commitment to make college free and provide the American people relief.” Even before this announcement, the President had already forgiven more than $32 billion in student debt for millions of defrauded students, public servants, and disabled students, including thousands of Floridians. “President Biden is a champion for students. Joe Biden gives student borrowers a lifeline.
Nonetheless, President Biden’s decision to cancel a portion of student loans is a bold step in the right direction.
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“I’m working with my colleagues and the Biden administration to take even more necessary steps toward full student loan cancellation and address college affordability issues at their roots. “Today’s announcement is the culmination of years of advocacy, but our work is far from over,” she said. Frederica Wilson, Chair of the Subcommittee on Higher Education and Workforce Investment, cheered the decision as a good start in helping citizens who are wrangling the prohibitive cost of obtaining a college degree. A student loan forgiveness plan from President Joe Biden drew starkly separate responses from different sides of the aisle.
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