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Friday, November 8, 2024

Congress members urge withdrawal of Biden's student loan forgiveness proposal

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Congressman Daniel Webster | Daniel Webster Official Website

Congressman Daniel Webster | Daniel Webster Official Website

Washington, D.C. — Florida Congressman Daniel Webster, R-Clermont, along with House Education and the Workforce Committee Chairwoman Virginia Foxx (R-NC), Senate Health, Education, Labor and Pensions Committee Ranking Member Bill Cassidy (R-LA), and over 120 members of Congress recently urged Department of Education Secretary Miguel Cardona to withdraw their latest attempt to transfer student education debt onto American taxpayers.

On April 17, 2024, the Department announced a Notice of Proposed Rule Making (NPRM) regarding “student loan forgiveness” that would result in as much as $1 trillion of student loan debt being transferred to US taxpayers.

“The latest Notice of Proposed Rule Making (NPRM) proposed by your Department of Education on April 17, 2024, represents the latest in a string of reckless attempts to transfer as much as $1 trillion of student loan debt from those who willingly borrowed to those who did not or have already repaid their loans. We strongly urge you to withdraw it,” the members wrote.

“Instead of exacerbating the problems of inflated college costs and low-value degrees, we urge you to withdraw this NPRM and work with Congress. It is past time that we fix our nation’s broken higher education financing system.”

Read the full letter text here.

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