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Saturday, November 23, 2024

Chairman Arrington Responds to President Biden’s Unconstitutional Student Loan Scheme

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Jodey Arrington - Chairman of the House Budget Committee | Official U.S. House headshot

Jodey Arrington - Chairman of the House Budget Committee | Official U.S. House headshot

WASHINGTON, D.C. – This afternoon, in Madison, Wisconsin, President Joe Biden announced his latest plan to circumvent Congress and unilaterally wipe student loans for millions of borrowers, leaving taxpayers to foot the bill. Today, House Budget Committee Chairman Jodey Arrington issued the following statement on the President’s most recent “cancellation” of student loans.

"President Biden is pushing unconstitutional student loan policies in his quest to buy votes. In reality, his plan will shift the responsibility of paying for loans owed by high-income earners who freely incurred them onto the backs of all taxpayers, many of whom do not even have a college degree," Arrington stated.

Arrington also criticized the administration, saying, "His administration is dead set on circumventing the Supreme Court, defying Congress, and saddling our country with more debt."

The Chairman further highlighted issues with the Free Application for Federal Student Aid (FAFSA) program under the Biden administration, stating, "Meanwhile, President Biden has fumbled this year’s Free Application for Federal Student Aid (FAFSA) program at every turn, delayed student aid packages, sending incorrect aid amounts, and making college less accessible for millions of low-income students."

In conclusion, Arrington emphasized the financial strain on American families and the nation's debt crisis, asserting, "As too many families struggle to make ends meet, and as our nation faces an unprecedented debt crisis, one thing is clear: the American people cannot afford four more years of this administration."

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