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Home » Wyoming Senators Say Student Loan Forgiveness “Unconstitutional and Unfair” | Big Horn Radio Network
A coalition of Republican senators is backing legislation to bar President Biden from forgiving student loan debts while the Supreme Court continues to examine their legality.
US Senators John Barrasso and Cynthia Lummis, both R-Wyo., joined US Sen. Rick Scott (R-Fla.) in reinstating the
Debt Relief Accountability Act.
This legislation would prevent the Biden administration from enacting an excessive and irresponsible blanket freeze on student loans. It requires that the U.S. Department of Education obtain express authorization from Congress to pay off any federal student-loan debt that the Department proposes to forgive, settle, or otherwise reduce when it owes two or more borrowers more than $1,000. 000 USD will be granted instead on a case by case basis.
“Our nation faces a staggering $31 trillion in debt and we are nearing the debt ceiling, yet the Biden administration is still trying to cancel millions of dollars in student loans. This is just another example of how far he will go to appease the radical left. The reality is that blanket student loan forgiveness will benefit only a small percentage of the population, at the expense of millions of other hard-working Americans,” Senator Scott said. “Those who have saved to pay for the education they are pursuing or have no debt at all because they have chosen a worthwhile career that doesn’t require a college degree should not be on their guard to help people who voluntarily took on debt and now want someone else to pay for it. That’s not how the real world works. Our legislation, the Debt Cancellation Accountability Act, will hold this administration accountable to American taxpayers by requiring Congressional approval for any mass cancellation of student debt. When I was Governor of Florida, we focused on solving the real problem behind the massive student-loan debt: the rising cost of higher education. Biden should do the same.”
Both Wyoming senators support Senator Scott, saying forgiving student loans is unfair to taxpayers and “will only make things worse.”
“President Biden’s attempt to eliminate millions of dollars in student loans undermines hard-working Americans who are responsible in paying down their debts. The country is still reeling from the pain of record-high prices, and these misguided proposals from the radical Democrats only make matters worse.”
said Senator Barrasso. “Our bill will hold administration accountable and ensure that no taxpayer in Wyoming or across the country is stuck paying off someone else’s student loans.”
“It’s insane that the Biden administration thinks the people of Wyoming should fund his student loan bailout. It’s unconstitutional and it’s unfair.”
said Senator Lummis. “Thank you to Senator Rick Scott for introducing this important law.”
Additional co-sponsors include US Senators Mike Braun (R-Ind.) and Marsha Blackburn (R-Tenn.).