Ranking Member Cassidy on Federal Court Blocking Biden-Harris Student Loan Scheme

WASHINGTON - U.S. Senator Bill Cassidy, M.D. (R-LA), ranking member of the Senate Health, Education, Labor, and Pensions (HELP) Committee, released a statement following a federal court blocking the Biden-Harris administration's newest student loan scheme indefinitely while litigation is ongoing.

"Once again, the courts rebukes the Biden-Harris administration's underhanded attempts to transfer $147 billion in debt onto taxpayers with no congressional approval. The Biden-Harris administration is not 'forgiving' debt-they are taking it from those who willingly took it out and transferring it onto those who didn't go to college or already paid off loans," said Dr. Cassidy. "This scheme is an abuse of power and a shameless bid to buy votes on the eve of an election at taxpayers' expense."

This newest policy is in addition to the administration's income-driven repayment (IDR) scheme, which will allow a majority of bachelor's degree student loan borrowers to have a zero monthly "payment" amount due and not pay back even the principal on their loans, costing taxpayers as much as $559 billion. In July, a federal appeals court temporarily blocked the Biden-Harris IDR program.

While the Biden administration prioritizes its student loan schemes, it failed to properly implement the new Free Application for Federal Student Aid (FAFSA) program. These continued delays prevent students and families from accessing crucial financial aid information as they choose the college they can afford to attend.

###

For all news and updates from HELP Republicans, visit our website or Twitter at @GOPHELP.Click hereto unsubscribe.

• Print
• Email
• Share
• Tweet