With inauguration day approaching, the state of President Joe Biden's efforts to reduce student loan debt hangs in the balance.

Summary

Representative Glenn Grothman plans to introduce the “Protecting Taxpayers from Student Loan Bailouts Act,” aimed at blocking future large-scale student loan forgiveness by limiting regulations costing taxpayers over $100 million annually.

This follows a Supreme Court ruling in 2024 that struck down President Biden’s $430 billion loan forgiveness plan.

Republicans criticize forgiveness as inflationary and unfair, while Biden’s administration has canceled $180 billion in debt over four years.

With GOP control of Congress, future forgiveness efforts face significant challenges.

  • queermunist she/her
    14·
    7 hours ago

    They are literally the party of taking things away and making things worse. I cannot fathom how they have duped tens of millions into believing they are the party trying to help people.

    A large part of the Republican base consists of people who want to make things worse for their enemies. They know that these policies hurt people with college debt and that’s why they vote Republican.