Source: US Rep. Virginia Foxx (NC-5th), 8/26/22

On Wednesday, President Biden announced that taxpayers will be forced to pay for certain borrowers to receive up to $20,000 in loan "forgiveness". This is wrong, unfair, and irresponsible. Borrowers have no clear guidance and taxpayers are forced to pay for bills they do not owe. 87 percent of hardworking Americans who do not have student debt are being forced to pay the bills for loans they never took out, and half of those who will have their loans paid went to graduate school. On average, those receiving relief will go on to make over a million dollars more than the Americans who never attended college and are forced to foot the bill for someone else’s degree.

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