In a statement, President Biden called out Republicans complaining about his new move to write off $39 billion in student loans.
The president said in a statement:
I’ve been saying for a long time that college should be the ticket to the middle class – not a burden that has burdened families for decades.
My administration fulfills that commitment. Starting today, more than 800,000 student loan borrowers who have paid off their loans over 20 years or more will see $39 billion of their loans drained because of steps my Administration has taken to correct past failures. These borrowers will join the millions of people my Administration has provided relief from over the last two years – resulting in more than $116 billion in loan relief to more than 3 million borrowers under my Administration.
But we didn’t stop there. My administration has been working hard to secure the biggest upgrade to Pell Grants in a decade, fixing broken loan programs like Public Service Loan Forgiveness, and creating a new income-based repayment plan that will cut scholar loan repayments in half and bring monthly payments to zero for income borrowers. low. And, when the Supreme Court made the wrong decision, I immediately announced a new plan to open alternative lines of waiver to as many borrowers as possible, as quickly as possible.
Republican lawmakers — who have no problem with the government forgiving millions of dollars of their own business loans — have tried everything they can to stop me from providing aid to hard-working Americans. Some have even objected to the measure we are announcing today, which follows up on loan assistance promised, but never given, even when they have been making payments for decades. The hypocrisy is awe-inspiring, and the disregard for working and middle-class families is outrageous.
While I am in office, I will continue to work to fulfill the college promise of every American.
There’s a reason why Biden produced a fundraising record for his re-election campaign in the second quarter. Those who look at popularity or horse racing metrics may miss it, but Joe Biden gets things done for the people, and voters have shown during his tenure that when Biden and the Democrats do well, they get a prize at the polls.
Biden has found a strong problem with student loans that he uses to illustrate the difference in priorities between himself and the Republican Party.
The GOP complains about anything that helps workers and middle class people.
President Biden knows where his potential voters are, and he’s doing everything in his power to meet their needs.
Jason is the managing editor. He is also the White House Press Pool and Congressional correspondent for PoliticusUSA. Jason has a Bachelor of Political Science degree. His postgraduate work focuses on public policy, with a specialization in social reform movements.
Professional Awards and Memberships
Member of the Society of Professional Journalists and The American Political Science Association