Joe Biden’s Supreme Court snub has cost over $136 billion
President Biden Cancels $5 Billion in Student Debt, Republicans Outraged
President Joe Biden and his administration have made a bold move by canceling over $136 billion in student debt, despite facing opposition from Republicans. In their latest action, the Biden administration has relieved an additional $5 billion in student loan debt for 74,000 individuals.
“My administration is committed to providing relief to these borrowers, as well as millions more, by fixing the broken student loan programs that have prevented them from receiving the relief they deserve,” stated President Biden.
With a total of 3.7 million people benefiting from the cancellation of student debt, the Biden administration is making a significant impact on the lives of many Americans.
Republicans Condemn Biden’s Student Debt Relief Program
However, not everyone is pleased with President Biden’s actions. Republicans have vehemently criticized his student debt relief program, accusing him of desperate attempts to buy votes before the election.
“President Biden is going to extreme lengths, allowing the Department of Education to pour more fuel on the already raging student debt fire,” expressed Rep. Virginia Foxx (R-NC), Chairwoman of the House Education and Workforce Committee. She further added, “It wouldn’t be surprising if the Department relied on infants playing with abacuses to balance its books – it’s a complete and utter disaster.”
Despite the backlash, President Biden remains determined to alleviate the burden of student debt for as many Americans as possible.
How many individuals were included in the recent relief of student loan debt by the Biden administration?
President Joe Biden and his administration have made a bold move by canceling over $136 billion in student debt, despite facing opposition from Republicans. In their latest action, the Biden administration has relieved an additional $5 billion in student loan debt for 74,000 individuals.
“My administration is committed to providing relief to these borrowers, as well as millions more, by fixing the broken student loan programs that have prevented them from receiving the relief they deserve,” stated President Biden.
With a total of 3.7 million people benefiting from the cancellation of student debt, the Biden administration is making a significant impact on the lives of many Americans.
Republicans Condemn Biden’s Student Debt Relief Program
However, not everyone is pleased with President Biden’s actions. Republicans have vehemently criticized his student debt relief program, accusing him of desperate attempts to buy votes before the election.
“President Biden is going to extreme lengths, allowing the Department of Education to pour more fuel on the already raging student debt fire,” expressed Rep. Virginia Foxx (R-NC), Chairwoman of the House Education and Workforce Committee. She further added, “It wouldn’t be surprising if the Department relied on infants playing with abacuses to balance its books – it’s a complete and utter disaster.”
Despite the backlash, President Biden remains determined to alleviate the burden of student debt for as many Americans as possible.
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