FreedomWorks Statement in Response to President Biden’s Student Loan Cancellation and Extension Payment Pause

WASHINGTON, D.C. — In response to President Biden’s student loan cancellation and extension payment pause, Adam Brandon, FreedomWorks President, commented:

“President Biden’s announcement that the Department of Education will be canceling up to $10 thousand in student loans is reckless and blatantly illegal. Speaker Pelosi herself made clear that the President does not have the authority to cancel student loans without an act of Congress.”

“Not only does this wipe away any deficit reduction from the Democrats’ $700 billion tax hike, but it will also increase the pain Americans are feeling from inflation.” 

“The government cannot continue subsidizing a deeply broken higher education system that promotes irresponsible financial decisions paid for by working-class Americans. This decision is a slap in the face for the millions of Americans without a college degree, and the millions of Americans who have paid back their student loans. Where do they go for their relief?”

“All summer, Biden and Democrats have claimed that the economy is doing fine, despite the fact that we are entering a recession. Does the extension today of student loan deferrals not contradict their assertion that the US economy is in good shape?” 


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